Sec. 395.102. DEVELOPING STRATEGIES. In developing the strategies required by Section 395.101, the work group shall:
(1) explore innovative qualified investment strategies;
(2) ensure to the extent possible that the strategies encourage financial institutions in this state to lend money to low-income and moderate-income families and individuals in the state;
(3) coordinate its efforts to attract private capital through investments that meet the requirements of the Community Reinvestment Act of 1977 (12 U.S.C. Section 2901 et seq.); and
(4) ensure to the extent possible that the strategies augment existing Community Reinvestment Act of 1977 programs in the state, including the operation of local community development corporations.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.28(a), eff. Sept. 1, 1999.Section: Previous 395.001 395.002 395.003 395.004 395.005 395.101
Last modified: September 28, 2016