Texas Special District Local Laws Code 3809.101 – District Powers
Current as of: 2024 | Check for updates
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Terms Used In Texas Special District Local Laws Code 3809.101
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The district may exercise the powers given to:
(1) a corporation created under Chapter 505, Local Government Code; and
(2) a housing finance corporation created under Chapter 394, Local Government Code, to provide housing or residential development projects in the district.