Tex. Gov't Code § 436.155 · Subchapter D. FISCAL PROVISIONS
INCURRENCE OF DEBT BY PUBLIC ENTITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A defense community in this state may borrow money from the state, including by direct loan, based on the credit of the defense community to finance a project included in the community's military base or defense facility value enhancement statement.
(b) A defense community may enter into a loan agreement with the state to provide financing for a project. The defense community may pledge the taxes of the community or provide any other guarantee for the loan.
(c) Money borrowed must be segregated from other funds under the control of the defense community and may only be used for purposes related to a specific project.
(d) The authority granted by this section does not affect the ability of a defense community to incur debt using other statutorily authorized methods.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 149, Sec. 3, eff. May 27, 2003.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 777 (S.B. 1200), Sec. 10, eff. September 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.436.htm
- Text hash
- sha256 63bd8eb0660d4e1defdfc8d5f4675db235921a187ce3897105c5f9e7fd4a423c
- 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.