The authority may exercise:

1. (1) the powers vested in political subdivisions under Title 2, Water Code; and

2. (2) the powers necessary to enable the authority to participate in programs administered by the development board, including programs for:

   1. (A) the acquisition and development of facilities;
   2. (B) the sale or lease of facilities; and
   3. (C) financial assistance to political subdivisions.

Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.03, eff. April 1, 2021.