Government Code, Chapter 1403, requires the Texas Public Finance Authority, in accordance with requests from the Office of the Governor, to issue general obligation bonds and notes in an aggregate amount not to exceed $175 million, and as directed by the department, distribute the proceeds to counties to provide financial assistance for colonia access roadway projects to serve border colonias. The legislation requires the commission to establish a program to administer the use of the proceeds of the bonds and notes. The sections under this subchapter set forth the procedures by which a county may apply for assistance under Government Code, Chapter 1403 and establish criteria by which the commission will select projects.

Source Note: The provisions of this §15.100 adopted to be effective January 2, 2002, 26 TexReg 11047; amended to be effective February 19, 2004, 29 TexReg 1425