Texas § 222.0745 INCURRENCE OF DEBT BY PUBLIC ENTITY.

Texas Statutes

§ 222.0745 — INCURRENCE OF DEBT BY PUBLIC ENTITY.

Texas § 222.0745

Code TNTransportation Code

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Bluebook

Tex. Transportation Code Code Ann. § 222.0745 (2026).

Text

Sec. 222.0745. INCURRENCE OF DEBT BY PUBLIC ENTITY.

(a)A public entity in this state, including a municipality, county, district, authority, agency, department, board, or commission, that is authorized by law to construct, maintain, or finance a qualified project may borrow money from the bank, including by direct loan, based on the credit of the public entity.

(b)Money borrowed under this section must be segregated from other funds under the control of the public entity and may only be used for purposes related to a qualified project.

(c)The authority granted by this section does not affect the ability of a public entity to incur debt using other statutorily authorized methods.

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Sec. 222.0745. INCURRENCE OF DEBT BY PUBLIC ENTITY. (a) A public entity in this state, including a municipality, county, district, authority, agency, department, board, or commission, that is authorized by law to construct, maintain, or finance a qualified project may borrow money from the bank, including by direct loan, based on the credit of the public entity.
(b) Money borrowed under this section must be segregated from other funds under the control of the public entity and may only be used for purposes related to a qualified project.
(c) The authority granted by this section does not affect the ability of a public entity to incur debt using other statutorily authorized methods.