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Terms Used In Texas Special District Local Laws Code 8508.0125

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

The authority may exercise:
(1) the powers vested in political subdivisions under Title 2, Water Code; and
(2) the powers necessary to enable the authority to participate in programs administered by the development board, including programs for:
(A) the acquisition and development of facilities;
(B) the sale or lease of facilities; and
(C) financial assistance to political subdivisions.