Texas Special District Local Laws Code § 8505.201 Loans And Grants

Sec. 8505.201. LOANS AND GRANTS. The authority may:

(1) borrow money for its corporate purposes;

(2) borrow money or accept a grant from the United States and, in connection with such a loan or grant, enter into any agreement the United States or such corporation or agency may require; and

(3) make and issue its bonds for money borrowed, in the manner and to the extent provided by Section 8505.203.

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.

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Last modified: September 28, 2016