Tex. Spec. Dist. Local Laws Code § 8512.0501 · Subchapter E. BORROWED MONEY AND GRANTS
LOANS AND GRANTS.
Not yet in force
Text of section effective on April 01, 2027
Text — Current through the 89th 2nd Called Legislative Session, 2025
The authority may:
(1) borrow money for the authority's corporate purposes;
(2) borrow money or accept a grant from any person, including this state, the United States, or a corporation or agency created or designated by this state or the United States;
(3) in connection with a loan or grant described by Subdivision (2), enter into any agreement this state, the United States, or the corporation or agency requires;
(4) make and issue the authority's bonds for money borrowed, in the manner and to the extent provided by this chapter; and
(5) refund or refinance any outstanding bonds and make and issue the authority's bonds for those purposes in the manner and to the extent provided by this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8512.htm
- Text hash
- sha256 341974c0a5c34890a427419abc40e838adfc99c25c57deddfb93be020957b079
- 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.