Sec. 3848.101. DEVELOPMENT CORPORATION AND HOUSING CORPORATION POWERS OF DISTRICT
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The district may exercise the powers given to:
(1) a corporation under Chapter 505, Local Government Code, including the power to own, operate, acquire, construct, lease, improve, and maintain the projects described by that chapter; and
(2) a housing finance corporation under Chapter 394, Local Government Code, to provide housing or residential development projects in the district.
Added by Acts 2007, 80th Leg., R.S., Ch. 1315 , Sec. 2, eff. June 15, 2007. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 , Sec. 21.041, eff. September 1, 2009.
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