Texas Special District Local Laws Code 8834.110 – General Powers Related to Property and Contracts
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(a) The board may:
(1) purchase, lease, own, convey, and dispose of property both inside and outside district territory necessary or convenient to exercise the board’s powers, duties, and functions under this chapter;
(2) construct, purchase, lease, or acquire in some other manner any material or property, including supplies, equipment, vehicles, or machinery, necessary to carry out this chapter;
(3) accept a grant, gift, or devise of property; or
(4) accept a grant, gift, loan, or other distribution of money.
(b) The district may make or accept a grant, gratuity, advance, or loan in any form to or from any public source approved by the board, including a governmental entity.
Terms Used In Texas Special District Local Laws Code 8834.110
- Contract: A legal written agreement that becomes binding when signed.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
(c) The district may enter into a contract, covenant, or agreement the board considers appropriate related to a grant, gratuity, advance, or loan.
(d) The board may enter into a contract with any person to carry out this chapter.
(e) The district may enter into contracts only in the district’s name.