Texas Special District Local Laws Code - SDLL § 8508.0117. General Contract Powers

(1) undertake and carry out an activity that is related to or necessary in carrying out or performing a power or function of the authority;

(2) enter into a contract, loan agreement, lease, or installment sales agreement;

(3) acquire, purchase, construct, own, operate, maintain, repair, improve, or extend, or loan, lease, sell, or otherwise dispose of, including by such methods as a loan payment, rental, sale, or installment sale, as the parties may agree, any facility, plant, building, structure, equipment, or appliance or property or any interest in property; and

(4) use any or all money or proceeds of bonds and other obligations. (Acts 69th Leg., 1st C.S., Ch. 3, Secs. 29(a), (b).)