{"data":{"id":"us-tx/tex.-local-government-code-501.007","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 501.007","heading":"LENDING CREDIT OR GRANTING PUBLIC MONEY.","body":"(a) Except as provided by Subsection (b), a unit may not lend its credit or grant public money or another thing of value in aid of a corporation.\n(b) A municipality may grant public money to a corporation under a contract authorized by Section 380.002.\n(c) The grants, loans, expenditures, and tax exemptions authorized by this subtitle in connection with a project and authorized by a corporation in accordance with this subtitle constitute the making of loans or grants of public money or constitute other actions authorized by Section 52-a, Article III, Texas Constitution.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 15.011(a), eff. September 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.501.htm#501.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"730e1807908651174b3a71e01f1559fc8e531c4f6ba971bd23f54a3323936f70","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-501.006","next":"us-tx/tex.-local-government-code-501.008"},"notice":"GroundRules: Original legal text. Not legal advice."}