Texas § 367.058 AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE.

Texas Statutes

§ 367.058 — AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE.

Texas § 367.058

Code TNTransportation Code

This text of Texas § 367.058 (AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE.) 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. § 367.058 (2026).

Text

Sec. 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.

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Sec. 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.