The authority may borrow money and accept grants from, and enter into contracts, leases, or other transactions with the United States, the State of Texas, any municipal corporation in the state, and any public or private person or corporation resident or authorized to do business in the state.
Tex. Educ. Code § 53.45
TRANSACTIONS WITH OTHER AGENCIES AND PERSONS
Known as the Higher Education Facility Authority for Public Schools Act
The act spans §§ 53–53 (28 sections).
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.