Tex. Transp. Code § 364.042

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

Section 364.042 - Authority to Borrow Money or Accept Federal Assistance

(a) To accomplish the purposes of this chapter, a county 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 county may enter into any related agreement that the United States, corporation, or agency requires.

Tex. Transp. Code § 364.042

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 17.02, eff. Sept. 1, 1999

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.