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House Bill 3850 |
House Author: Deshotel et al. |
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Effective: 6-14-19 |
Senate Sponsor: Creighton |
House Bill 3850 amends the Transportation Code to authorize the Texas Transportation Commission to issue revenue bonds for the purpose of providing money for the ship channel improvement revolving fund. The bill revises the purpose of the revolving loan program established to use money from the fund to include providing revenue or security for low‑interest loans, longer repayment terms for loans, and certain flexible loan repayment terms.