(a) The district may make or accept a grant, gratuity, advance, or loan in any form to or from any public source approved by the board, including a governmental entity, and may enter into a contract, agreement, or covenant that the board considers appropriate in connection with a grant, gratuity, advance, or loan.(b) The district may enter into contracts only in the district's name.(c) The district may purchase property from another governmental entity by negotiated contract without securing appraisals or advertising for bids.(d) The district may use the reverse auction procedure, as defined by Section 2155.062, Government Code, for purchasing. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.Amended by: Acts 2005, 79th Leg., Ch. 238 (S.B. 1537), Sec. 7, eff. May 27, 2005.