Texas Special District Local Laws Code 3824.101 – Additional Powers of District
Current as of: 2024 | Check for updates
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Terms Used In Texas Special District Local Laws Code 3824.101
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The district may exercise the powers given to:
(1) a corporation under Chapter 505, Local Government Code, including the power to own, operate, acquire, construct, lease, improve, and maintain projects described by that chapter;
(2) a housing finance corporation under Chapter 394, Local Government Code, to provide housing or residential development projects in the district;
(3) a municipality under Chapter 380, Local Government Code;
(4) an entity described in Chapters 284 and 441, Transportation Code; and
(5) a district governed by Subchapters E and M, Chapter 60, Water Code, and § 61.116, Water Code.