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Texas Agriculture Code - Chapter 44 Agricultural Diversification And Microenterprise Support ProgramsLegal Research Home > Texas Lawyer > Agriculture Code > Texas Agriculture Code - Chapter 44 Agricultural Diversification And Microenterprise Support Programs In this chapter: (1) "Eligible lending institution" means a financial institution that makes commercial loans, is either a depository of state funds or an institution ... The board shall create a microenterprise support program to provide financial assistance to microenterprises in rural areas. Added by Acts 1987, 70th Leg., 2nd C.S., ... (a) The board shall administer a loan program supporting established and proposed microenterprises in rural areas by providing loans to expand, modernize, or otherwise improve ... (a) The board shall establish a linked deposit program to: (1) encourage commercial lending for the enhanced production, processing, and marketing of certain agricultural crops; ... (a) On accepting a linked deposit, an eligible lending institution must loan money to eligible borrowers in accordance with the deposit agreement and this chapter. ... The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made to ... (a) At any one time, not more than $30 million, $10 million of which may be used only to finance water conservation projects and $5 ... The board may accept gifts and grants of money from the federal government, local governments, or private corporations or other persons for use in making ... The rural microenterprise development fund is a fund in the comptroller's office. Money appropriated to the board for use in making loans under the rural ... Last modified: August 10, 2007 |