Sec. 364.042. AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE. (a) To accomplish the purposes of this chapter, a county may:
(1) borrow money from any person or corporation; or
(2) borrow money or accept grants from the United States or a corporation or agency created by or authorized to act as an agency of the United States.
(b) In connection with a loan or grant under Subsection (a)(2), a county may enter into any related agreement that the United States, corporation, or agency requires.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 17.02, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 364 - Toll Bridges in Counties Bordering the Rio Grande
Subchapter C. Bonds and Finances
Section 364.042. Authority to Borrow Money or Accept Federal Assistance
Section 364.043. Authority to Issue Bonds
Section 364.044. Revenue Bonds
Section 364.046. Mortgage or Pledge of Revenue to Secure Bonds
Section 364.047. Additional Bonds
Section 364.048. Terms of Bonds; Negotiability
Section 364.049. Sale or Exchange of Bonds
Section 364.050. Trust Indenture
Section 364.051. Depository of Bond Proceeds and Other Revenue
Section 364.052. Rights of Bondholders; Receivers
Section 364.053. Refunding Bonds