This law explains the authority's powers and how it can operate. It allows the authority to initiate or defend lawsuits, have a seal, and handle necessary contracts and documents.

The authority can create, update, or abolish rules and regulations as long as they align with its objectives.

It is also empowered to hire or fire employees, setting their roles and salaries, although these employment actions must respect general employment rules of the city unless stated otherwise by a city decision.

This law section allows a specific authority to manage property in various ways. They can buy, lease, or acquire property both inside and outside the city, but they need approval from public bodies for state property. They can also use eminent domain for acquiring property, except without consent from state public bodies. Additionally, they are permitted to sell, lease, or dispose of property and make changes to public parking facilities and rights of way if needed. Finally, they can insure their property and operations against risks.

This law allows the authority to handle various tasks related to property. They can buy, build, rent, lease, maintain, fix, manage, or operate any parts of a property. They can also lease property operations and rent out unused space for commercial use, particularly if it's not economically viable for parking.

This law allows authorities running parking facilities to use part of their property for commercial purposes, like setting up shops or bus terminals, if they think it helps the parking operation. However, these extra uses must be secondary to parking and can't cover more than 25% of the land or building space.

This law states that if there is any extra space in a parking area that is intended for commercial purposes, neither the local government authority nor the city will manage or run it. Instead, they are required to rent it out to private businesses for management.

This law allows an authority to create and manage parking spaces and facilities for motor vehicles within a city. It also permits them to handle and take care of vehicles parked in spaces they own, control, or operate.

This section explains that the authority in charge of parking facilities has control over all money related to these facilities. This includes income from running the facilities, city funds, financial help from state or federal sources, money from assessments, and proceeds from various types of bonds issued both by the authority and the city specifically for parking purposes.

This law allows an authority to invest funds that aren't needed right away, like reserve funds, in the same types of property or securities that cities are allowed to invest in. However, these investments cannot break any agreements with the people or entities who hold the authority's outstanding bonds.

This law allows the authority in charge of parking facilities to borrow money or receive help from various sources, like the city, state, federal government, or others. They can do this to support or enhance parking facilities in their area. Additionally, they need to follow any rules or conditions that come with this financial assistance.

This law section allows the authority to use any or all of the powers given to them under this part. They have flexibility in how they choose to apply these powers.

This law section gives the authority the freedom to take any actions that are needed, helpful, or suitable to implement the rules and objectives of this part of the code.

This statute allows a city authority to work with city departments to share services and facilities to avoid unnecessary costs. These collaborations can replace or supplement what the authority already provides, either directly or through hiring or buying services. Such arrangements must be approved by both the authority and the city's legislative body. The city will be reimbursed for the fair value of its resources used. Also, the city's legislative body can require the authority to make annual payments based on what it would owe in property taxes if it were privately owned, though not exceeding that amount.