{"data":{"id":"us-tx/tex.-transportation-code-222.074","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 222.074","heading":"FORM OF ASSISTANCE.","body":"(a) To further a purpose described by Section 222.073, the commission may use money deposited to the credit of the bank to provide financial assistance to a public or private entity for a qualified project to:\n(1) extend credit by direct loan;\n(2) provide credit enhancements;\n(3) serve as a capital reserve for bond or debt instrument financing;\n(4) subsidize interest rates;\n(5) insure the issuance of a letter of credit or credit instrument;\n(6) finance a purchase or lease agreement in connection with a transit project;\n(7) provide security for bonds and other debt instruments; or\n(8) provide methods of leveraging money that have been approved by the United States secretary of transportation and relate to the project for which the assistance is provided.\n(b) Financial assistance to a private entity under Subsection (a) shall be limited to a qualified project that:\n(1) provides transportation services or facilities that provide a demonstrated public benefit; or\n(2) is constructed or operated in cooperation with a state agency or political subdivision in accordance with an agreement between that agency or political subdivision and the private entity.\n(c) Financial assistance to a public or private entity under Subsection (a) shall be limited, as applicable, to a qualified project that is consistent with the transportation plan developed by the metropolitan planning organization.\nAdded by Acts 1997, 75th Leg., ch. 1171, Sec. 1.21, eff. Sept. 1, 1997.\nAmended by:\nActs 2005, 79th Leg., Ch. 1267 (H.B. 2134), Sec. 3, eff. June 18, 2005.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE B. STATE HIGHWAY SYSTEM","CHAPTER 222. FUNDING AND FEDERAL AID","SUBCHAPTER D. STATE INFRASTRUCTURE BANK"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.222.htm#222.074","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"0b79061a6a949420b96bc76e01fc245e114b45ba271481cee00e30e0491517f8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-222.073","next":"us-tx/tex.-transportation-code-222.0745"},"notice":"GroundRules: Original legal text. Not legal advice."}