Texas Government Code - GOV'T § 1505.104. Authority to Borrow Money
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(a) In the amount and under the terms that are agreed to by the municipality and the lender, a municipality may borrow money for a project from:
(1) the United States;
(2) an agency of the United States authorized to make a loan to a municipality; or
(3) any person, firm, or corporation.
(b) The loan shall be evidenced by obligations issued under this subchapter if the project is financed under this subchapter.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1505.104. Authority to Borrow Money - last updated April 14, 2021 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1505-104.html
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