Sec. 5007.222.  MID-RANGE PLANNING.  (a)  Appropriate staff shall develop a mid-range plan consistent with the long-range plan.  The mid-range plan must include:
(1)  a five-year financial forecast addressing the financial needs and financing options of the authority for the five-year period, with information about the relative cost of the options;
(2)  a five-year capital plan, including a preliminary analysis and prioritization of projects; and
(3)  other detailed action plans as the port commission or staff finds necessary to achieve the goals of the mid-range plan or long-range plan.
(b)  The staff shall present the mid-range plan in an open meeting of the port commission.  The port commission is not required to adopt a mid-range plan.
Added by Acts 2013, 83rd Leg., R.S., Ch. 139 (H.B. 1642), Sec. 5, eff. September 1, 2013.