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.

SB 1170 allows eight designated Texas state agencies - including the Department of Agriculture, Economic Development, and Water Development Board - to issue bonds for infrastructure projects. It requires governor and Legislative Budget Board approval for international agreements involving state funds, specifically enabling cooperation with Mexico. The bill creates a new mechanism for these agencies to partner with the North American Development Bank to jointly fund Texas infrastructure investments. The law takes effect September 1, 2025.