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Texas Transportation Code - TRANSP § 367.058. Authority to Borrow Money or Accept Federal Assistance

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) To accomplish the purposes of this subchapter, a municipality 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 municipality may enter into any related agreement that the United States, corporation, or agency requires.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 367.058. Authority to Borrow Money or Accept Federal Assistance - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-367-058/

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