Texas Special District Local Laws Code 8511.0701 – Borrowing Money; Grants
Current as of: 2024 | Check for updates
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(a) The authority may:
(1) borrow money or accept a grant or donation for its corporate purposes from any person, including a private source, the United States, this state, or a local government; and
(2) enter into an agreement in connection with a loan, grant, or donation accepted under Subdivision (1).
(b) The source of any money accepted by the authority is public information, both as to amount and any restrictions placed by the donor on its expenditure.
Terms Used In Texas Special District Local Laws Code 8511.0701
- Donor: The person who makes a gift.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005