The Corporation exists under state law and is non-profit, tax exempt and operates under the auspices of the City government, and its own board of directors, which is appointed by the city council. 

The Development Corporation was voted on, approved and established in 1990 as a type 4A Development Corporation under state statute Title 12, Subtitle C1, Subchapter 501.  This type has the most restrictive use of funds of the three types available.  4A types mainly deal with Manufacturing, Industrial and Commercial enterprises that create Primary Jobs as defined in the statute. Therefore, we are limited in funds dispersal. However, more rural areas locally, may be creative in staying within the guidelines to use the funds, in their opinion, in the best interest of its community. The DCOS offers several types of assistance that are further discussed in our section on Assistance. 

The DCOS meets monthly, the 3rd Tues of the month at 4:00pm at 107 E. McHarg St. Stamford, Texas.