(a) The district may own land adjacent or accessible to the navigable water in the district, whether acquired by gift, purchase, or exercise of the power of eminent domain.
(b) The district may:
(1) lease all or any part of land the district owns for any term the board considers prudent or advisable to:
(A) an individual;
(B) a corporation; or
(C) a government or governmental agency, including this state or the United States; and
(2) charge a reasonable toll, fee, rent, or other charge for the lease.
(c) This section does not prevent the district from granting a revocable license or permit for the use of a limited portion of a waterfront facility or land the district owns for a purpose consistent with the development of the district's property.
(d) The district's authority under this section to exercise the power of eminent domain expired on September 1, 2013, unless the district submitted a letter to the comptroller in accordance with Section 2206.101(b), Government Code, not later than December 31, 2012.