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.
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