(a) A district may:
(1) acquire a road facility, acquire property for a road facility, and construct or improve a road facility, inside or outside district boundaries, as provided by this chapter;
(2) provide financing for a road facility or for construction, acquisition, or improvement of a road facility from money available to the district under this chapter;
(3) advise any person and consult, cooperate, or enter an agreement with any person;
(4) apply for, accept, receive, and administer a gift, grant, loan, or money available from any source;
(5) reimburse a private entity for money spent to construct a road or improvement that has been or will be dedicated or otherwise transferred to public use, or purchase a road or improvement constructed by a private entity, regardless of whether the construction occurs before or after the creation of the district; and
(6) exercise other powers and duties to accomplish the purposes for which the district was created.
(b) The board may contract with any person to carry out the powers and duties under this chapter. The board shall execute the contract in the name of the district.

Terms Used In Texas Transportation Code 441.101

  • Contract: A legal written agreement that becomes binding when signed.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005

(c) The district may assume a contract or other obligation of a previous owner of a road facility or property acquired by the district and perform the contract or obligation in the same manner as any other purchaser or assignee, if the contract or obligation was created as provided by the competitive bidding requirements of Subchapter B, Chapter 271, Local Government Code.