Texas Statutes
Subchapter G. Bonds, Borrowed Money, and Grants
Section 8511.0701. Borrowing Money; Grants

Text of section effective on April 01, 2023
Sec. 8511.0701. BORROWING MONEY; GRANTS. (a) The authority may:
(1) borrow money or accept a grant or donation for its corporate purposes from any person, including a private source, the United States, this state, or a local government; and
(2) enter into an agreement in connection with a loan, grant, or donation accepted under Subdivision (1).
(b) The source of any money accepted by the authority is public information, both as to amount and any restrictions placed by the donor on its expenditure.
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.

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