Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 9. PUBLIC SECURITIES |
Subtitle G. SPECIFIC AUTHORITY FOR STATE GOVERNMENT TO ISSUE SECURITIES |
Chapter 1403. GENERAL OBLIGATION BONDS FOR CERTAIN BORDER COLONIA PROJECTS |
Sec. 1403.004. USE OF GRANTS FOR PROJECT MATERIALS OR EQUIPMENT
Latest version.
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A grant under this chapter may be used to purchase any materials or to lease any equipment as reasonably necessary to accomplish the goal of the project. Materials purchased as permitted by this section must be used solely in connection with the project. Equipment leased as permitted by this section must be used substantially in connection with the project throughout the period of the applicable lease.
Added by Acts 2003, 78th Leg., ch. 320, Sec. 1, eff. June 18, 2003.