(a) The authority is created to:
(1) accept title on approval by, and in coordination with, the governor to all or a portion of the property on, adjacent to, or related to the property described by § 3503.004 from the United States;
(2) promote the location and development of new businesses, industries, and commercial activities on or related to the property;
(3) undertake a project the board considers necessary or incidental to the industrial, commercial, or business development, redevelopment, maintenance, and expansion of new or existing businesses on and for the property described by § 3503.004, including the acquisition, construction, operation, maintenance, repair, rehabilitation, replacement, improvement, extension, expansion, or enhancement of:
(A) roads, bridges, and rights-of-way;
(B) housing;
(C) property;
(D) police, fire, medical, cultural, educational, and research services, equipment, institutions, and resources;
(E) other community support services;
(F) flood control, water, wastewater treatment, natural gas, electricity, solid waste disposal, steam generation, communications, and all other utility facilities and services;
(G) other infrastructure improvements; and
(H) any other services or facilities acquired by the authority from the United States;
(4) promote or support an active military base located in the same county as the authority to prevent closure or realignment of the base and attract new military missions to the base;
(5) exercise the powers granted to a conservation and reclamation district under § 59, Article XVI, Texas Constitution; and
(6) promote regional economic development and job creation inside the district’s boundaries and outside of the district’s boundaries in Bowie County and adjacent counties.
(b) The property described by Subsection (a)(1) consists of any kind of property, whether real, personal, or mixed, and any rights, whether tangible or intangible, assets, benefits, or improvements related to the existence, development, operation, or maintenance of the property, of the authority.

(c) The creation of the authority is necessary to promote, develop, encourage, and maintain employment, commerce, economic development, and the public welfare, and to conserve the natural resources of this state, and is essential to accomplish the purposes of Sections 49-d, 52, and 52-a, Article III, and § 59, Article XVI, Texas Constitution, in an area previously established and developed by the United States government for military support purposes that will no longer be similarly maintained for those purposes by the federal government.