Texas § 21.105 REQUIREMENTS FOR LOAN OR GRANT.

Texas Statutes

§ 21.105 — REQUIREMENTS FOR LOAN OR GRANT.

Texas § 21.105

Code TNTransportation Code

This text of Texas § 21.105 (REQUIREMENTS FOR LOAN OR GRANT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Transportation Code Code Ann. § 21.105 (2026).

Text

Sec. 21.105. REQUIREMENTS FOR LOAN OR GRANT.

(a)The commission may not approve a loan that bears interest of less than three percent annually or that has a term that exceeds 20 years.

(b)Before approving a loan or grant, the commission shall require that:

(1)the airport or facility remain in the control of each political subdivision involved for at least 20 years;

(2)the political subdivision disclose the source of all funds for the project and the political subdivision's ability to finance and operate the project;

(3)at least:

(A)10 percent of the total project cost be provided by sources other than the state; or

(B)if the airport is located in an economically disadvantaged county, as defined by Section 222.053 , five percent of the total project cost be provided by sources other t

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Sec. 21.105. REQUIREMENTS FOR LOAN OR GRANT. (a) The commission may not approve a loan that bears interest of less than three percent annually or that has a term that exceeds 20 years.
(b) Before approving a loan or grant, the commission shall require that:
(1) the airport or facility remain in the control of each political subdivision involved for at least 20 years;
(2) the political subdivision disclose the source of all funds for the project and the political subdivision's ability to finance and operate the project;
(3) at least:
(A) 10 percent of the total project cost be provided by sources other than the state; or
(B) if the airport is located in an economically disadvantaged county, as defined by Section 222.053 , five percent of the total project cost be provided by sources other than the state; and
(4) the project be adequately planned.

Legislative History

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by: Acts 2025, 89th Leg., R.S., Ch. 663 (H.B. 4520 ), Sec. 1, eff. September 1, 2025.