(a) A municipality that owns and operates a port may construct, acquire, lease, improve, enlarge, extend, repair, maintain, replace, develop, or operate a port improvement or facility.
(b) A port improvement or facility may be constructed on land acquired by purchase, lease, or otherwise, and the land, interest in the land, or port improvement or facility may be conveyed by lease, sublease, or sale by installment or otherwise on the terms the municipality determines to be advantageous.
(c) Each power provided by this section is a public and governmental function, is exercised for a public purpose, and is a matter of public necessity.
Official text of the Texas Transportation Code as published by the Texas Legislative Council.