Sec. 456.065. GUARANTEE FROM MUNICIPALITIES. The department, on behalf of the commission and with the approval of the comptroller, shall secure an agreement or agreements with the municipalities served by an eligible corporation that receives assistance under this subchapter to further guarantee the repayment of half of any unpaid balance on a loan, including interest, made under this subchapter.
Added by Acts 1997, 75th Leg., ch. 110, Sec. 2, eff. May 16, 1997.
Section: Previous 456.004 456.005 456.006 456.007 456.008 456.021 456.022 456.023 456.026 456.041 456.042 456.061 456.062 456.063 456.064Last modified: September 28, 2016