Texas Development Corporation Act of 1979
Texas lawmakers created Type A and Type B development corporations, allowing cities to levy a local sales tax (up to 1/4 cent each) to fund economic development. Type B corporations can fund tourism, entertainment, and quality-of-life projects beyond traditional industrial recruitment.
Cities across Texas created Type B corporations to fund convention centers, sports venues, museums, and other projects.
Type B corporations became a primary funding mechanism for municipal quality-of-life projects, with public hearings as a required step before major expenditures.
The Corpus Christi B Corporation - Type B operates under this framework. The museum capital improvement hearing follows the standard process for Type B-funded projects.
