Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
Title 12. PLANNING AND DEVELOPMENT |
Subtitle C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT |
Chapter 507. SPACEPORT DEVELOPMENT CORPORATIONS |
Subchapter C. POWERS AND DUTIES |
Sec. 507.105. GENERAL POWERS RELATED TO FINANCES
Latest version.
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A spaceport development corporation may:
(1) impose a charge for using a spaceport or a service the corporation provides;
(2) borrow money;
(3) loan money to fund a spaceport; and
(4) invest money under the corporation's control in an investment authorized by Chapter 2256, Government Code.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 , Sec. 3.01, eff. April 1, 2009.