Sec. 21.101.  FINANCIAL ASSISTANCE FOR CONSTRUCTION AND REPAIR OF AVIATION FACILITIES.  (a)  The department may loan or grant money to a state agency with a governing board authorized to operate an airport or to a governmental entity in this state to establish, construct, reconstruct, enlarge, or repair an airport, airstrip, or air navigational facility if:
(1)  the money has been appropriated to the department for that purpose;  and
(2)  providing the money will:
(A)  best serve the public interest;  and
(B)  best discharge the governmental aeronautics function of the state or its political subdivisions.
(b)  A loan or grant under this subchapter must be made under a contract.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.