Tex. Transportation Code § 367.058
This is the official text of Tex. Transportation Code § 367.058, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 367.058. AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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