Texas Transportation Code

§ 364.042 — AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE

TN § 364.042Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 364. TOLL BRIDGES IN COUNTIES BORDERING THE RIO GRANDE · Art. C. BONDS AND FINANCES

Statute text

View on source

(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.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 17.02, eff. Sept. 1, 1999.