(a) The authority is created to:
(1) purchase, own, hold, lease, and otherwise acquire facilities or other property to operate and maintain the Texas State Railroad;
(2) continue and improve the operation of the Texas State Railroad as a public recreational, historical, and cultural resource;
(3) operate concessions, museums, campgrounds, and other facilities associated with the Texas State Railroad; and
(4) enhance, augment, and improve the historical, educational, and cultural benefits offered by the Texas State Railroad.
(b) The creation of the authority is necessary to promote, develop, encourage, and maintain employment, commerce, transportation, tourism, recreation, the arts, entertainment, economic development, and public welfare in Anderson and Cherokee Counties.