Sec. 367.058. AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE. (a) To accomplish the purposes of this subchapter, a municipality 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 municipality may enter into any related agreement that the United States, corporation, or agency requires.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 367 - Municipal Toll Bridges Over Rio Grande
Subchapter B. Acquiring Existing Bridge; Building Replacement or Additional Bridge
Section 367.051. Authority to Acquire Toll Bridge
Section 367.052. Rights and Properties Associated With Toll Bridge
Section 367.053. Liberal Construction
Section 367.054. Powers to Be Exercised by Ordinance; Election Not Required
Section 367.055. General Powers of Municipality Acquiring Toll Bridge
Section 367.056. Recreational Facilities
Section 367.057. Tolls and Charges
Section 367.058. Authority to Borrow Money or Accept Federal Assistance
Section 367.059. Authority to Issue Revenue Bonds
Section 367.060. Bonds and Warrants Not Payable From Taxes
Section 367.061. Mortgage or Pledge of Revenue to Secure Bonds
Section 367.063. Sale or Exchange of Bonds
Section 367.064. Deposit of Proceeds
Section 367.065. Authority to Issue Bonds or Warrants to Repair, Improve, or Build Toll Bridge
Section 367.066. Tax Exemptions
Section 367.067. Limitations on Municipal Authority
Section 367.068. Applicability of and Conflicts With Other Law