Sec. 457.105.  CONTRACTS;  ACQUISITION OF PROPERTY BY AGREEMENT.  (a)  An authority may contract with any person and may accept a grant or loan from any person.
(b)  An authority may acquire rolling stock or other property under a contract or trust agreement, including a conditional sales contract, lease, and equipment trust certificate.
Added by Acts 1997, 75th Leg., ch. 165, Sec. 30.35(a), eff. Sept. 1, 1997.