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Tex. Transportation Code § 364.042

AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE

Texas · Texas Transportation Code · Status: effective

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Tex. Transportation Code § 364.042, AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/569889
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(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.