Sec. 379H.054.  BOARD ACTIONS.  (a)  Subject to Subsection (b), actions of the board must be approved by the affirmative vote of a quorum of the board.
(b)  Action on the following matters requires approval by a majority of the total membership of the board:
(1)  adoption of bylaws or rules for conduct of the business of the land bank for which the board serves;
(2)  hiring or firing of any employee or contractor of the land bank for which the board serves;
(3)  incurring debt;
(4)  adoption or amendment of the annual budget; and
(5)  sale, lease, encumbrance, or alienation of or improvements to real or personal property with a value of more than $50,000.
(c)  By majority vote, the board may delegate the hiring and firing of employees and contractors to a specific officer or committee of the land bank for which the board serves, under terms and to the extent specified by the board.
(d)  A board member may not vote by proxy.
(e)  A board member may request a recorded vote on any resolution or action of the land bank.
Added by Acts 2021, 87th Leg., R.S., Ch. 780 (S.B. 1679), Sec. 1, eff. September 1, 2021.