Tex.
Spec. Dist. Local Laws Code Section 8288.101
District Powers
(1)
adopt an official seal;(2)
adopt and enforce:(A)
bylaws and rules for the conduct of its affairs; and(B)
any rule that a municipal utility district may adopt and enforce under Section 54.205 (Adopting Rules and Regulations) et seq., Water Code;(3)
acquire, hold, use, invest, reinvest, and dispose of its receipts and money from any source;(4)
select a depository or depositories;(5)
acquire, own, rent, lease, accept, hold, or dispose of property or an interest in property, including a right or easement, by purchase, exchange, gift, assignment, condemnation, sale, lease, or other means, in performing a duty or exercising a power under this chapter;(6)
hold, manage, operate, or improve property;(7)
lease or rent any land, buildings, structures, or facilities from or to any person;(8)
sell, assign, lease, encumber, mortgage, or otherwise dispose of property or an interest in property, and release or relinquish a right, title, claim, lien, interest, easement, or demand, regardless of the manner in which acquired, and conduct a transaction authorized by this subdivision by public or private sale, notwithstanding any other law;(9)
in the manner and to the extent permitted by this chapter:(A)
borrow money for a corporate purpose;(B)
enter into an agreement in connection with the borrowing;(C)
issue bonds for money borrowed;(D)
provide for and secure the payment of the bonds; and(E)
provide for the rights of the holders of the bonds;(10)
request and accept an appropriation, grant, allocation, subsidy, guaranty, aid, service, material, or gift from any public or private source, including the federal government, the state, a public agency, or a political subdivision;(11)
operate and maintain an office; and(12)
appoint and determine the duties, tenure, qualifications, and compensation of officers, employees, agents, and professional advisors and counselors considered necessary or advisable by the board, including financial consultants, accountants, attorneys, architects, engineers, appraisers, and financing experts.
Source:
Section 8288.101 — District Powers, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8288.htm#8288.101 (accessed Apr. 20, 2024).
