(a) The district may engage in activities that accomplish the economic development purposes of the district.(b) The district may establish and provide for the administration of one or more programs to promote state or local economic development and to stimulate business and commercial activity, including programs to:(1) make loans and grants of public money; and(2) provide district personnel and services, including for the management of recreational facilities.(c) The district may create economic development programs and exercise the economic development powers provided to municipalities by:(1) Chapter 380, Local Government Code; and(2) Subchapter A, Chapter 1509, Government Code. Added by Acts 2017, 85th Leg., R.S., Ch. 630 (H.B. 4297), Sec. 1, eff. June 12, 2017.