Tex. Transp. Code § 222.0745 · Subchapter D. STATE INFRASTRUCTURE BANK
INCURRENCE OF DEBT BY PUBLIC ENTITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A public entity in this state, including a municipality, county, district, authority, agency, department, board, or commission, that is authorized by law to construct, maintain, or finance a qualified project may borrow money from the bank, including by direct loan, based on the credit of the public entity.
(b) Money borrowed under this section must be segregated from other funds under the control of the public entity and may only be used for purposes related to a qualified project.
(c) The authority granted by this section does not affect the ability of a public entity to incur debt using other statutorily authorized methods.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 4, Sec. 1, eff. April 9, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.222.htm
- Text hash
- sha256 e8de9df1ec013bc84333391b3a0b2011b686cf2350ae8c6ca0d310e4518880cf
- 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.