Sec. 367.058.  AUTHORITY TO BORROW MONEY OR ACCEPT FEDERAL ASSISTANCE.  (a)  To accomplish the purposes of this subchapter, a municipality may:
(1)  borrow money from any person or corporation;  or
(2)  borrow money or accept grants from the United States or a corporation or agency created by or authorized to act as an agency of the United States.
(b)  In connection with a loan or grant under Subsection (a)(2), a municipality may enter into any related agreement that the United States, corporation, or agency requires.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.