Texas Agriculture Code

§ 58.022 — POWERS OF AUTHORITY

AG § 58.022Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 58. AGRICULTURAL FINANCE AUTHORITY · Art. C. PURPOSES AND POWERS

Statute text

The authority has all powers necessary to accomplish the purposes and programs of the authority, including the power:

(1)to adopt and enforce bylaws, rules, and procedures and perform all functions necessary for the board to carry out this chapter;

(2)to sue and be sued, complain, and defend, in its own name;

(3)to adopt and use an official seal and alter it when considered advisable;

(4)to acquire, hold, invest, use, pledge, and dispose of its revenues, income, receipts, funds, and money from every source and to select one or more depositories, inside or outside the state, subject to this chapter, any resolution, bylaws, or in any indenture pursuant to which the funds are held;

(5)to establish, charge, and collect fees, charges, and penalties in connection with the programs, services, and activities provided by the authority in accordance with this chapter;

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 1197 (S.B. 1214), Sec. 5, eff. June 14, 2013.