Texas · Texas Transportation Code
Tex. Transp. Code § 21.105: REQUIREMENTS FOR LOAN OR GRANT
What this law says, in plain English
The commission may only approve loans with at least 3% annual interest and maximum 20-year terms. Approval requires airport control for 20 years, disclosure of funding sources, non-state contribution of 10% (or 5% in economically disadvantaged counties), and adequate project planning.
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