Texas § TN.222.077 - REPAYMENT TERMS
Full text of Texas The Texas Constitution § TN.222.077 — REPAYMENT TERMS, with citation guidance and answers to common questions.
§ TN.222.077. REPAYMENT TERMS
REPAYMENT TERMS; DEPOSIT OF REPAYMENTS; INVESTMENT INCOME. (a) Any funds disbursed through the state infrastructure bank must be repaid on terms determined by the commission. The terms must comply with the federal act except for terms applicable to funds deposited in a subaccount described by Section 222.076 (b). (b) Notwithstanding any other law to the contrary: (1) the repayment of a loan or other assistance provided with money deposited to the credit of a subaccount in the bank shall be deposited in that subaccount; and (2) investment income generated by money deposited to the credit of a subaccount in the bank shall be: (A) credited to that subaccount; (B) available for use in providing financial assistance under this subchapter; and (C) invested in United States Treasury securities, bank deposits, or other financing instruments approved by the United States secretary of transportation to earn interest and enhance the financing of projects assisted by the bank. (c) The commission shall administer the bank in compliance with applicable requirements of the federal act and any applicable federal regulation or guideline. (d) The commission by rule shall: (1) implement this subchapter; and (2) establish eligibility criteria for an entity applying for financial assistance from the bank. Added by Acts 1997, 75th Leg., ch. 1171, Sec. 1.21, eff. Sept. 1, 1997. Amended by: Acts 2005, 79th Leg., Ch. 1267 (H.B. 2134 ), Sec. 5, eff. June 18, 2005. SUBCHAPTER E. TOLL FACILITIES
Frequently Asked Questions About Texas § TN.222.077
What does The Texas Constitution § TN.222.077 cover?
Section TN.222.077 ("REPAYMENT TERMS") 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 § TN.222.077?
A common citation format is "The Texas Constitution § TN.222.077" (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 § TN.222.077 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.