(a) The district may acquire, lease as lessor or lessee, construct, develop, own, operate, and maintain parking facilities or a system of parking facilities, including:(1) lots, garages, parking terminals, or other structures or accommodations for parking motor vehicles off the streets; and(2) equipment, entrances, exits, fencing, and other accessories necessary for safety and convenience in parking vehicles.(b) A parking facility of the district must be leased to or operated for the district by an entity other than the district.(c) The district's parking facilities serve a public purpose under Section 3818.003 and are owned, used, and held for a public purpose even if leased or operated by a private entity for a term of years.(d) The district's public parking facilities and any lease to a private entity are exempt from the payment of ad valorem taxes and state and local sales and use taxes. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.