{"data":{"id":"us-tx/tex.-transportation-code-21.105","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 21.105","heading":"REQUIREMENTS FOR LOAN OR GRANT.","body":"(a) The commission may not approve a loan that bears interest of less than three percent annually or that has a term that exceeds 20 years.\n(b) Before approving a loan or grant, the commission shall require that:\n(1) the airport or facility remain in the control of each political subdivision involved for at least 20 years;\n(2) the political subdivision disclose the source of all funds for the project and the political subdivision's ability to finance and operate the project;\n(3) at least:\n(A) 10 percent of the total project cost be provided by sources other than the state; or\n(B) if the airport is located in an economically disadvantaged county, as defined by Section 222.053, five percent of the total project cost be provided by sources other than the state; and\n(4) the project be adequately planned.\nActs 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.\nAmended by:\nActs 2025, 89th Leg., R.S., Ch. 663 (H.B. 4520), Sec. 1, eff. September 1, 2025.","path":["TRANSPORTATION CODE","TITLE 3. AVIATION","CHAPTER 21. ADMINISTRATION OF AERONAUTICS","SUBCHAPTER C. AVIATION FACILITIES DEVELOPMENT AND FINANCIAL ASSISTANCE"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.21.htm#21.105","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"a3a25f3d2e554af94264c39cf856e4018bced65cef0e49dbb0b45f51d29029e2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-21.104","next":"us-tx/tex.-transportation-code-21.106"},"notice":"GroundRules: Original legal text. Not legal advice."}