1. (a) This section applies to:

   1. (1) a wholesale contract for:

      1. (A) the sale, purchase, procurement, distribution, or supply of water or conservation storage capacity; or
      2. (B) construction of a navigable canal or waterway; or
   2. (2) a contract authorized under Section 561.003, Local Government Code.
2. (b) Before entering into a contract under this section, the manager shall publish notice describing the general nature of the contract in a newspaper of general circulation in each county within the authority where the contract is to have effect.
3. (c) The board may consider and act on a contract at any regular board meeting following the last date of publication of notice required under this section.
4. (d) The board shall confirm or ratify a contract by a majority vote.
5. (e) A contract may be the sole basis or a supplement to the basis for securing a bond of the authority.

Added by Acts 2025, 89th Leg., R.S., Ch. 240 (H.B. 2692), Sec. 1, eff. May 29, 2025.