Relating to international cooperation agreements between certain state agencies and the United Mexican States and funding for infrastructure investment in this state; providing authority for certain agencies to issue bonds.

HB 1353 allows eight specific Texas state agencies - including the Department of Agriculture, Economic Development, Housing, Water Development Board, and others - to issue bonds for infrastructure projects. It establishes a mechanism for these agencies to jointly invest with Mexico’s North American Development Bank to leverage funding for Texas infrastructure. All agreements requiring state funds must be approved by the governor and Legislative Budget Board. The bill directly affects these agencies’ ability to partner on cross-border infrastructure initiatives, with no new taxes or direct impacts on residents.