Sec. 481.504. SECURITY FOR LOANS. In addition to any other security provided by law, if a defense community defaults on a loan, a state agency making a loan to the defense community for a project described by Section 481.502(a) may foreclose under a loan agreement in the manner provided by law for foreclosure and liquidate any collateral provided under the loan agreement to recover any outstanding debt.
Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.
Section: Previous 481.404 481.405 481.406 481.407 481.408 481.409 481.410 481.411 481.412 481.413 481.414 481.415 481.501 481.502 481.503Last modified: September 28, 2016