Texas Agriculture Code Title 3, Chapter 44 - Agricultural Diversification And Microenterprise Support Programs
- Texas Section 44.001 - Definitions
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...
- Texas Section 44.002 - Creation Of Microenterprise Programs
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.,...
- Texas Section 44.0045 - Microenterprise Support Program Loans
(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...
- Texas Section 44.007 - Interest Rate Reduction Program
Sec. 44.007. INTEREST RATE REDUCTION PROGRAM. (a) The board shall establish an interest rate reduction program to foster the: (1) creation and expansion of enterprises...
- Texas Section 44.008 - Compliance
(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....
- Texas Section 44.009 - State Liability Prohibited
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...
- Texas Section 44.010 - Limitations In Program
(a) At any one time, not more than $30 million may be placed in linked deposits under this chapter. (b) The maximum amount of a...
- Texas Section 44.012 - Money For Loans
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...
- Texas Section 44.013 - Rural Microenterprise Development Fund
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: September 28, 2016