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.
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