Sec. 1403.004. USE OF GRANTS FOR PROJECT MATERIALS OR EQUIPMENT. A grant under this chapter may be used to purchase any materials or to lease any equipment as reasonably necessary to accomplish the goal of the project. Materials purchased as permitted by this section must be used solely in connection with the project. Equipment leased as permitted by this section must be used substantially in connection with the project throughout the period of the applicable lease.
Added by Acts 2003, 78th Leg., ch. 320, Sec. 1, eff. June 18, 2003.
Structure Texas Statutes
Subtitle G - Specific Authority for State Government to Issue Securities
Chapter 1403 - General Obligation Bonds for Certain Border Colonia Projects
Section 1403.002. General Obligation Bonds and Notes for Border Colonia Roadway Projects
Section 1403.003. Set-Aside for Colonias Located in Rural Border Counties
Section 1403.004. Use of Grants for Project Materials or Equipment