Sec. 3831.110. PROGRAMS. (a) The district may establish and provide for the administration of one or more programs to:

(1) promote state or local economic development; and

(2) stimulate business and commercial activity in the district that relates to a project.

(b) As part of a program, the district may:

(1) make loans or grants of public money for a public purpose as provided by Section 52-a, Article III, Texas Constitution; or

(2) provide district personnel and services for the program.

(c) The district may contract with any person to administer a program established under this section.

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.