Section 356.1501 - Fiscal Oversight and Accountability The board of directors of a nonresidential center must:
(1) ensure that the center is operating in a manner that keeps the organization's mission and purpose focused, without becoming involved in day-to-day operations;(2) hire the center's executive director;(3) as a whole, or as delegated to the center's finance committee, regularly review actual revenue and expenditures and compare them to budgeted revenue and estimated costs;(4) review and approve programs and budgets;(5) maintain and comply with current organizational bylaws; and(6) review and approve board policies for the organization's operation in accordance with the bylaws.26 Tex. Admin. Code § 356.1501
Transferred from 1 TAC § 356.1501 by Texas Register, Volume 49, Number 10, March 8, 2024, TexReg 1507, eff. 4/1/2024