yourstate.us
Home / Texas / Local Government Code
Tex. Local Government Code § 501.155

LOAN TO FINANCE PROJECT

Texas · Texas Local Government Code · Status: effective

Banking, Finance & Insurance
Get this as JSONEmbed this
Cite this
Citation
Tex. Local Government Code § 501.155, LOAN TO FINANCE PROJECT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694015
Permanent ID
ys:prov:694015@1
SHA-256
a01e8dc134203f197f9d50351446dce1574f0f9cb281713721d0794b260caf6c

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) A corporation may make a secured or unsecured loan to a user for the purpose of providing temporary or permanent financing or refinancing of all or part of the cost of a project, including the refunding of an outstanding obligation, mortgage, or advance issued, made, or given by a person for the cost of a project. (b) For a loan made under this section, a corporation may charge and collect interest on the terms the corporation's board of directors considers advisable and not in conflict with this subtitle.