1. (a) A political subdivision may borrow money for the purposes of this subchapter and may adopt necessary rules to carry out this subchapter.
2. (b) The board shall have the power to enter into any contracts to carry out the provisions of this subchapter.

Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.

Amended by Acts 2001, 77th Leg., ch. 1234, Sec. 32, eff. Sept. 1, 2001;

Acts 2003, 78th Leg., ch. 200, Sec. 19(t), eff. Sept. 1, 2003;

Acts 2003, 78th Leg., ch. 352, Sec. 20, eff. Sept. 1, 2003.