Texas Special District Local Laws Code 3859.101 – District Powers
Current as of: 2024 | Check for updates
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Terms Used In Texas Special District Local Laws Code 3859.101
- 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 has:
(1) all powers necessary to accomplish the purposes for which the district was created;
(2) the rights, powers, privileges, authority, and functions of a district created under Chapter 375, Local Government Code;
(3) the powers, duties, and contracting authority specified by Subchapters H and I, Chapter 49, Water Code;
(4) the powers given to a corporation under Chapter 505, Local Government Code, including the power to own, operate, acquire, construct, lease, improve, and maintain the projects described by that chapter; and
(5) the powers of a housing finance corporation created under Chapter 394, Local Government Code.