Texas Special District Local Laws Code 3816.101 – District Powers
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(a) The district has all powers necessary to accomplish the purposes for which the district was created.
(b) The district may exercise the powers given to:
(1) a corporation created under Chapter 505, Local Government Code; or
(2) a housing finance corporation created under Chapter 394, Local Government Code, to provide housing or residential development projects in the district.
Terms Used In Texas Special District Local Laws Code 3816.101
- 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.