Tex. Transp. Code § 367.058

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 367.058 - Authority to Borrow Money or Accept Federal Assistance

(a) To accomplish the purposes of this subchapter, a municipality may:

(1) borrow money from any person or corporation; or

(2) borrow money or accept grants from the United States or a corporation or agency created by or authorized to act as an agency of the United States.

(b) In connection with a loan or grant under Subsection (a)(2), a municipality may enter into any related agreement that the United States, corporation, or agency requires.

Tex. Transp. Code § 367.058

Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.