Tex. Transp. Code Section 364.042
Authority to Borrow Money or Accept Federal Assistance

(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.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 17.02, eff. Sept. 1, 1999.

Source: Section 364.042 — Authority to Borrow Money or Accept Federal Assistance, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­364.­htm#364.­042 (accessed May 18, 2024).

Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 364.042’s source at texas​.gov