(a) The district may establish and provide for the administration of one or more programs to promote economic development and to stimulate business and commercial activity in the district, including programs to secure loans and receive grants of public money.(b) The district may:(1) contract with the federal government, this state, a political subdivision, a nonprofit organization, or any other person for the administration of the program; and(2) accept contributions, gifts, or other resources to develop and administer the program. Added by Acts 2015, 84th Leg., R.S., Ch. 980 (H.B. 3888), Sec. 1, eff. June 19, 2015.
Texas Legal Code