Texas Transportation Code - TRANSP § 472.001. Contracts Between Certain Governmental Entities to Engage in Joint Project

(1) acquiring, designing, constructing, improving, or beautifying a state or local highway, turnpike, road, or street project;

(2) acquiring an interest in any real property required for or beneficial to the project;  and

(3) adjusting utilities for the project.

(1) issue bonds to pay costs of a project if it determines the project will benefit it;  or

(2) impose taxes in an amount necessary to create a sinking fund for payments required by a contract that provides for payment over a term of years.