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Texas Transportation Code

§ 21.102 — LOAN PREFERRED

TN § 21.102Title 3. AVIATION · Ch. 21. ADMINISTRATION OF AERONAUTICS · Art. C. AVIATION FACILITIES DEVELOPMENT AND FINANCIAL ASSISTANCE

Statute text

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The department shall:
(1)make a loan instead of a grant whenever feasible under this subchapter; and
(2)carefully consider making a loan instead of a grant for an improvement that produces revenue.

Legislative history

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