AI-assisted research summary: The authority may carry out listed acts such as building and leasing property, contracting, borrowing, investing bond proceeds, setting charges, and using eminent domain.
Sec. 293.026. POWERS OF AUTHORITY. (a) The authority may: (1) construct, enlarge, furnish, and equip a building to be used primarily as a county courthouse, subject to the approval of the commissioners court; (2) sue or be sued, implead or be impleaded, and complain or defend in court; (3) adopt, use, and alter a corporate seal; (4) make bylaws for the management and regulation of its affairs; (5) make contracts and execute instruments necessary or convenient for conducting its business; (6) acquire, purchase, hold, and use land necessary for carrying out its purposes; (7) lease land or an interest in land from the county for a term of not more than 99 years at nominal rent or annual rent determined by contract with the county; (8) lease real or personal property or an interest in such property to the county for a term of not more than 99 years at nominal rent or annual rent determined by contract with the county; (9) lease real or personal property or an interest in such property to a person other than a county for a term of not more than 40 years at an annual rent determined by contract with the person; (10) borrow money and accept grants from, and enter into contracts, leases, or other transactions with, federal agencies; (11) invest the proceeds of its bonds, until the money is needed, in direct obligations of or obligations unconditionally guaranteed by the United States government, to the extent authorized in the bond resolution or trust indenture; (12) fix, alter, charge, and collect rates, rentals, and other charges for services of the authority or use of facilities of the authority or project; (13) exercise the power of eminent domain to the extent, in the manner, and under the laws applicable to counties, for the purpose of acquiring property needed for a purpose authorized by this chapter; and (14) do anything necessary or convenient to accomplish the purposes of the authority or carry out a power granted to the authority by statute. (b) A lease under Subsection (a)(9) may not impair the authority's obligations under the bond resolution or trust indenture. On notice specified in the contract, a lessee under such a lease shall surrender possession of the property to the authority if and to the extent that the county requires use of the property. (c) The power provided by Subsection (a)(10) is not subject to the limitations relating to other powers granted under this section. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.