Sec. 9029.156. POWER TO BORROW MONEY AND ACCEPT GRANTS OR OTHER SUPPORT. (a) The authority may borrow money for the authority's corporate purposes, including taking a loan or accepting a grant, gratuity, or other support from the United States, this state, or a corporation or agency created or designated by the United States or this state.
(b) In connection with the loan, grant, or other support, the authority may enter into any arrangement the board considers advisable.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.06, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9029 - Clear Lake City Water Authority
Subchapter D. General Financial Provisions
Section 9029.152. Authority Accounts
Section 9029.154. Copy of Audit Report
Section 9029.155. Payment of Tax or Assessment Not Required
Section 9029.156. Power to Borrow Money and Accept Grants or Other Support