Sec. 3868.108. DEVELOPMENT CORPORATION POWERS. The district, using money available to the district, may exercise the powers given to a development corporation under Chapter 505, Local Government Code, including the power to own, operate, acquire, construct, lease, improve, or maintain a project under that chapter.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1190 (H.B. 3819), Sec. 1, eff. September 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3868 - Valencia Municipal Management District No. 1
Subchapter C. Powers and Duties
Section 3868.101. General Powers and Duties
Section 3868.102. Improvement Projects
Section 3868.103. Water District Powers
Section 3868.104. Road District Powers
Section 3868.105. Public Improvement District Powers
Section 3868.106. Municipal Management District Powers
Section 3868.107. Contract Powers
Section 3868.108. Development Corporation Powers
Section 3868.109. Nonprofit Corporation
Section 3868.110. Agreements; Grants
Section 3868.111. Membership in Charitable Organizations
Section 3868.112. Economic Development
Section 3868.113. Adding or Removing Territory
Section 3868.114. No Eminent Domain Power