The Development Corporation Act of 1979, as amended in 1993, added a new Section 4B, authorizing cities to levy upon voter approval, an economic development sales tax for uses which include municipal facilities, parks, museums, stadiums, parking facilities, private and public infrastructure improvements, and other facilities.  Pursuant to the Act and voter approval the City established Sugar Land 4B Corporation to administer economic sales taxes collected.

The purpose of the Corporation is to promote, assist, and enhance economic development activities, and quality of life opportunities within the City that promote economic development.  The Corporation is managed by a seven-member Board of Directors authorized to exercise the powers set forth by the Act and the Corporation Bylaws.  The board serves at the pleasure of City Council. 

The bylaws prescribe that a director be a resident of the City; no director may serve more than three consecutive two-year terms (6 years).  By state law, three members of the board must not be city officials or employees.  The city council and city manager serve as ex-officio members of the board.