1 Tex. Admin. Code § 4.2

Current through Reg. 49, No. 43; October 25, 2024
Section 4.2 - Military Value/Redevelopment Value Review and Pre-Application Assessment for Funds
(a) The Defense Community shall submit the following information, as applicable, to the Director of the Commission:
(1) with respect to a Defense Community applying for a loan under § RSA 436.153 of the Government Code, a Military Value Enhancement Statement;
(2) with respect to a Defense Community applying for a loan under § RSA 436.1531 or § RSA 436.1532 of the Government Code, an Economic Redevelopment Value Statement; and
(3) with respect to any Defense Community applying for a TMVRLF loan, a pre-application assessment.
(b) The Commission shall review the Military Value Enhancement Statement or Economic Redevelopment Value Statement, as applicable, and perform:
(1) an analysis of the project feasibility; and
(2) an analysis of alternative funding for each project listed.
(c) The Commission shall review the applicant's pre-application assessment.
(d) The Commission shall take into consideration the Military or Defense Value or Redevelopment Value, as applicable, and, by a majority vote, make its recommendation to approve or disapprove the Military Value Enhancement Statement or Economic Redevelopment Value Statement, as applicable.

1 Tex. Admin. Code § 4.2

The provisions of this §4.2 adopted to be effective October 10, 2010, 35 TexReg 9077; Amended by Texas Register, Volume 41, Number 04, January 22, 2016, TexReg 681, eff. 1/28/2016; Amended by Texas Register, Volume 45, Number 16, April 17, 2020, TexReg 2540, eff. 4/22/2020