Sec. 436.154. LOAN PROCESS. (a) The commission shall adopt rules, in consultation with the Texas Public Finance Authority, that contain the criteria for evaluating the credit of a loan applicant and the financial feasibility of a project. The commission, in consultation with the Texas Public Finance Authority, shall also adopt a loan application form. The application form may include:
(1) the name of the defense community and its principal officers;
(2) the total cost of the project;
(3) the amount of state financial assistance requested;
(4) the plan for repaying the loan; and
(5) any other information the commission requires to perform its duties and to protect the public interest.
(b) The commission may not accept an application for a loan from the Texas military value revolving loan account unless the application is submitted in affidavit form by the officials of the defense community. The commission shall prescribe the affidavit form.
Added by Acts 2003, 78th Leg., ch. 149, Sec. 3, eff. May 27, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546), Sec. 13, eff. September 1, 2009.
Acts 2015, 84th Leg., R.S., Ch. 330 (S.B. 1358), Sec. 10, eff. September 1, 2015.
Acts 2019, 86th Leg., R.S., Ch. 276 (S.B. 2131), Sec. 3, eff. September 1, 2019.
Acts 2019, 86th Leg., R.S., Ch. 800 (H.B. 2119), Sec. 3, eff. September 1, 2019.
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