Tex. Transportation Code § 456.063
This is the official text of Tex. Transportation Code § 456.063, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 456.063. AGREEMENT.
Official statutory text
The department, on behalf of the commission and with the approval of the comptroller, shall enter into an agreement, under terms and conditions the department considers appropriate, with an eligible corporation for the purposes of making a secured loan under this subchapter. The agreement must provide for collateralization and guaranties in a form and amount determined by the comptroller and the commission to be sufficient to repay to the state highway fund any money transferred to the general revenue fund under Section 456.062(b).
Status: in_force · Read it on the official government site
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