(a) A municipality may:
(1) construct, purchase, or encumber:
(A) a park, swimming pool, golf course, golf course clubhouse, or ballpark;
(B) a fairground or an exposition building;
(C) an airport; or
(D) land on which a facility described by Paragraphs (A)-(C) is located; or
(2) encumber anything acquired or to be acquired that relates to a facility or land constructed or purchased under Subdivision (1).
(b) A municipality may secure the payment of funds to construct, purchase, or equip a facility or land described by Subsection (a)(1).