Sec. 367.058. AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE

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(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.

                    
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