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; and(2) a housing finance corporation under Chapter 394, Local Government Code, to provide housing or residential development projects in the district. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.49, eff. April 1, 2009.
Texas Legal Code