82nd Texas Legislature, Regular Session, House Bill 1818, Chapter 291 Page: 4 of 11
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H.B. No. 1818
1 "bona fide executive, administrative, or professional capacity,"
2 as that phrase is used for purposes of establishing an exemption to
3 the overtime provisions of the federal Fair Labor Standards Act of
4 1938 (29 U.S.C. Section 201 et seq.), and its. subsequent
5 amendments, if:
6 (1) the person is an officer, employee, or paid
7 consultant of a Texas trade association in the field of banking,
8 mortgage lending, real estate, housing development, or housing
9 construction; or
10 (2) the person's spouse is an officer, manager, or paid
11 consultant of a Texas trade association in the field of banking,
12 mortgage lending, real estate, housing development, or housing
13 construction.
14 SECTION 5. Subchapter Y, Chapter 2306, Government Code, is
15 amended by adding Section 2306.5549 to read as follows:
16 Sec. 2306.5549. MEETINGS OF THE CORPORATION'S' BOARD. (a)
17 The corporation's board may hold meetings when called by the
18 presiding officer, the president, or three of the members.
19 (b) The corporation's board shall keep minutes and complete
20 transcripts of its meetings. The corporation shall post the
21 transcripts on its Internet website and shall otherwise maintain
22 all accounts, minutes, and other records related to the meetings.
23 (c) All materials provided to the corporation's board that
24 are relevant to a matter proposed for discussion at a meeting of
25 that board must be posted on the corporation's Internet website not
26 later than the third day before the date of the meeting.
27 (d) Any materials made available to the corporation's board
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Texas. Legislature. House of Representatives. 82nd Texas Legislature, Regular Session, House Bill 1818, Chapter 291, legislative document, June 17, 2011; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth311115/m1/4/: accessed May 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.