Sec. 375.308. POWERS OF THE AUTHORITY; MUNICIPALITY. (a) An authority:
(1) may plan, design, implement, develop, construct, and finance eligible projects as defined in this subchapter; and
(2) has the powers of a municipality under Chapter 378, as added by Chapter 1221, Acts of the 76th Legislature, Regular Session, 1999, and Chapter 380.
(b) An authority may not:
(1) issue bonds or notes without the prior approval of the governing body of the municipality that created the authority;
(2) seek a charter for or operate, within the boundaries of the authority, an open-enrollment charter school authorized by Subchapter D, Chapter 12, Education Code; or
(3) levy ad valorem property taxes.
(c) A municipality may not seek a charter for or operate an open-enrollment charter school authorized by Subchapter D, Chapter 12, Education Code, within the boundaries of the authority.
Added by Acts 2003, 78th Leg., ch. 961, Sec. 1, eff. June 20, 2003.
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