Texas Agriculture Code

§ 59.023 — POWERS OF BOARD

AG § 59.023Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 59. FARM AND RANCH FINANCE PROGRAM · Art. C. ADMINISTRATION

Statute text

The board has the power necessary to accomplish the purposes and carry out the programs provided by this chapter, including the power:

(1)to adopt and enforce bylaws, rules, and procedures necessary to carry out this chapter;

(2)to establish, charge, and collect a fee, charge, or penalty in connection with a program, service, or activity provided by the board under this chapter;

(3)to issue bonds, provide for and secure the payment of the bonds, and provide for the rights of the owners of the bonds, in the manner and to the extent permitted by this chapter;

(4)to purchase, hold, cancel, or resell or otherwise dispose of its bonds, subject to any restrictions and any resolution authorizing the issuance of its bonds;

(5)to own, rent, lease, or otherwise acquire, accept, or hold any interest in real, personal, or mixed property, by purchase, exchange, gift, assignment, transfer, foreclosure, mortgage, sale, lease, or otherwise;

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Legislative history

Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 13, eff. Jan. 1, 1996; Acts 2001, 77th Leg., ch. 26, Sec. 12, eff. May 2, 2001.