Tex. Transp. Code Section 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.

Source: Section 367.058 — Authority to Borrow Money or Accept Federal Assistance, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.367.htm#367.058 (accessed Jun. 5, 2024).

367.001
Applicability of Subchapter 367.002
Definition 367.003
Authority of Municipality in Relation to Toll Bridge 367.004
Authority of Municipality to Enter into Contracts 367.005
Authority to Issue Revenue Bonds 367.006
Interim Financing 367.007
Maturity 367.008
Pledge of Revenue 367.009
Additional Security 367.010
Additional Bonds 367.011
Tolls and Charges 367.012
Public Purpose 367.013
Lease, Rental, or Donation of Facility to United States 367.014
Refunding Bonds and Notes 367.015
Sale of Bonds or Notes 367.016
Bonds and Notes Not Payable from Taxes 367.017
Conflict or Inconsistency with Other Law 367.051
Authority to Acquire Toll Bridge 367.052
Rights and Properties Associated with Toll Bridge 367.053
Liberal Construction 367.054
Powers to Be Exercised by Ordinance 367.055
General Powers of Municipality Acquiring Toll Bridge 367.056
Recreational Facilities 367.057
Tolls and Charges 367.058
Authority to Borrow Money or Accept Federal Assistance 367.059
Authority to Issue Revenue Bonds 367.060
Bonds and Warrants Not Payable from Taxes 367.061
Mortgage or Pledge of Revenue to Secure Bonds 367.062
Maturity 367.063
Sale or Exchange of Bonds 367.064
Deposit of Proceeds 367.065
Authority to Issue Bonds or Warrants to Repair, Improve, or Build Toll Bridge 367.066
Tax Exemptions 367.067
Limitations on Municipal Authority 367.068
Applicability of and Conflicts with Other Law 367.101
Applicability of Subchapter 367.102
Authority to Issue Revenue Bonds 367.103
Additional Bonds

Accessed:
Jun. 5, 2024

§ 367.058’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._transp._code_section_367.058

Original Source: Section 367.058 — Authority to Borrow Money or Accept Federal Assistance, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.367.htm#367.058 (last accessed Jun. 5, 2024).