(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. Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.
Texas Legal Code