Texas § 489.106 ADMINISTRATION OF FUND AND CHAPTER.

Texas Statutes

§ 489.106 — ADMINISTRATION OF FUND AND CHAPTER.

Texas § 489.106

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 489.106 (2026).

Text

Sec. 489.106. ADMINISTRATION OF FUND AND CHAPTER. The office shall administer the fund. In administering the fund and this chapter, the office has the powers necessary to carry out the purposes of this chapter, including the power to:

(1)make, execute, and deliver contracts, conveyances, and other instruments;

(2)impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payments or performance; and

(3)issue bonds for economic development projects as that term is defined by Section 501.101 , Local Government Code, or Section 505.151 , 505.152 , 505.153 , 505.154 , 505.155 , or 505.156 , Local Government Code.

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Sec. 489.106. ADMINISTRATION OF FUND AND CHAPTER. The office shall administer the fund. In administering the fund and this chapter, the office has the powers necessary to carry out the purposes of this chapter, including the power to:
(1) make, execute, and deliver contracts, conveyances, and other instruments;
(2) impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payments or performance; and
(3) issue bonds for economic development projects as that term is defined by Section 501.101 , Local Government Code, or Section 505.151 , 505.152 , 505.153 , 505.154 , 505.155 , or 505.156 , Local Government Code.

Legislative History

Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.08, eff. April 1, 2009.