Texas Special District Local Laws Code - SDLL § 8513.0701. Borrowed Money and Grants

(1) borrow money for the authority's corporate purposes;

(2) execute proper notes and other evidence of indebtedness;

(3) borrow money or accept a grant from the United States or this state and, in connection with the loan or grant, enter into any agreement the United States or the corporation or agency may require;

(4) make and issue bonds for money borrowed, in the manner and to the extent provided by Sections 8513.0702, 8513.0703, 8513.0704, 8513.0705, and 8513.0706;  and

(5) participate in and be the beneficiary of any plan that may be evolved by this state or the United States for guaranteeing or otherwise subsidizing the authority's obligations.