Texas § SD.8513.0701 - BORROWED MONEY AND GRANTS
Full text of Texas The Texas Constitution § SD.8513.0701 — BORROWED MONEY AND GRANTS, with citation guidance and answers to common questions.
§ SD.8513.0701. BORROWED MONEY AND GRANTS
BORROWED MONEY AND GRANTS. (a) The authority may: (1) borrow money for the authority's corporate purposes; (2) execute proper notes and other evidence of indebtedness; (3) borrow money or accept a grant from the United States or this state and, in connection with the loan or grant, enter into any agreement the United States or the corporation or agency may require; (4) make and issue bonds for money borrowed, in the manner and to the extent provided by Sections 8513.0702 , 8513.0703 , 8513.0704 , 8513.0705 , and 8513.0706 ; and (5) participate in and be the beneficiary of any plan that may be evolved by this state or the United States for guaranteeing or otherwise subsidizing the authority's obligations. (b) After an ad valorem tax is approved at an election held under Section 8513.0602 , the board may borrow money payable from the tax and may evidence the loan by a note given in the authority's name. Added by Acts 2025, 89th Leg., R.S., Ch. 240 (H.B. 2692 ), Sec. 1, eff. May 29, 2025.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.8513.0701
What does The Texas Constitution § SD.8513.0701 cover?
Section SD.8513.0701 ("BORROWED MONEY AND GRANTS") 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 § SD.8513.0701?
A common citation format is "The Texas Constitution § SD.8513.0701" (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 § SD.8513.0701 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.