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Tex. Transp. Code § 364.042

AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE

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

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.