Texas § TN.456.062 - LOANS TO CORPORATION

Full text of Texas The Texas Constitution § TN.456.062 — LOANS TO CORPORATION, with citation guidance and answers to common questions.

§ TN.456.062. LOANS TO CORPORATION

LOANS TO CORPORATION. (a) Under the authority of Section 52-a , Article III, Texas Constitution, and from funds appropriated from the general revenue fund for this purpose, the commission may loan money to an eligible corporation that provides rail passenger service in the state. (b) Notwithstanding any other statutory restriction, the portion of the state highway fund not dedicated by the constitution is collateral for repayment of a loan made under this section. The comptroller may transfer from that portion of the state highway fund to the general revenue fund the amount needed to repay any unpaid balance on the loan, including applicable interest, in accordance with the loan agreement. Added by Acts 1997, 75th Leg., ch. 110, Sec. 2, eff. May 16, 1997.

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

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Frequently Asked Questions About Texas § TN.456.062

What does The Texas Constitution § TN.456.062 cover?

Section TN.456.062 ("LOANS TO CORPORATION") 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.456.062?

A common citation format is "The Texas Constitution § TN.456.062" (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.456.062 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.