Tex. Gov't Code § 1505.104 · Subchapter C. OBLIGATIONS FOR TOLL BRIDGES AND OTHER FACILITIES IN CERTAIN COASTAL MUNICIPALITIES
AUTHORITY TO BORROW MONEY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In the amount and under the terms that are agreed to by the municipality and the lender, a municipality may borrow money for a project from:
(1) the United States;
(2) an agency of the United States authorized to make a loan to a municipality; or
(3) any person, firm, or corporation.
(b) The loan shall be evidenced by obligations issued under this subchapter if the project is financed under this subchapter.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1505.htm
- Text hash
- sha256 19cf5565d31168b920d33628d8a29036761d73ebc2242659a498b033fee1b7c6
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.