Texas § HS.262.0225 - AUTHORITY TO BORROW MONEY

Full text of Texas The Texas Constitution § HS.262.0225 — AUTHORITY TO BORROW MONEY, with citation guidance and answers to common questions.

§ HS.262.0225. AUTHORITY TO BORROW MONEY

AUTHORITY TO BORROW MONEY. (a) This section applies only to an authority created by a municipality with a population of less than 25,000. (b) The board may, on behalf of the authority, borrow money from a federally insured lending institution for any of the authority's purposes. (c) The board may borrow money in the amount it considers advisable subject to a rate of interest and other terms and conditions it considers advisable. (d) A loan for which bonds are pledged shall mature not later than the first anniversary of the date on which the loan is made. Added by Acts 1995, 74th Leg., ch. 740, Sec. 1, eff. Aug. 28, 1995. Amended by Acts 2003, 78th Leg., ch. 702, Sec. 1, eff. June 20, 2003.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § HS.262.0225

What does The Texas Constitution § HS.262.0225 cover?

Section HS.262.0225 ("AUTHORITY TO BORROW MONEY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § HS.262.0225?

A common citation format is "The Texas Constitution § HS.262.0225" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § HS.262.0225 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.