Tex. Transp. Code § 456.063 · Subchapter D. PASSENGER RAIL SERVICE ASSISTANCE PROGRAM
AGREEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The department, on behalf of the commission and with the approval of the comptroller, shall enter into an agreement, under terms and conditions the department considers appropriate, with an eligible corporation for the purposes of making a secured loan under this subchapter. The agreement must provide for collateralization and guaranties in a form and amount determined by the comptroller and the commission to be sufficient to repay to the state highway fund any money transferred to the general revenue fund under Section 456.062(b).
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 110, Sec. 2, eff. May 16, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.456.htm
- Text hash
- sha256 a1023e9744398db389794b12da3be71f2da240984abf01a5888234420b6a294a
- 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
This section cites
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