Tex. Special District Local Laws Code § 8512.0501: LOANS AND GRANTS.

Text of section effective on April 01, 2027

The authority may:

(1) borrow money for the authority's corporate purposes;

(2) borrow money or accept a grant from any person, including this state, the United States, or a corporation or agency created or designated by this state or the United States;

(3) in connection with a loan or grant described by Subdivision (2), enter into any agreement this state, the United States, or the corporation or agency requires;

(4) make and issue the authority's bonds for money borrowed, in the manner and to the extent provided by this chapter; and

(5) refund or refinance any outstanding bonds and make and issue the authority's bonds for those purposes in the manner and to the extent provided by this chapter.

Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.