Statutes, codes, and regulations
Texas Administrative Code
Title 10 - COMMUNITY DEVELOPMENTPart 5 - OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT AND TOURISM OFFICE
Chapter 181 - TEXAS LEVERAGE FUND PROGRAM
Section 181.3 - Program

10 Tex. Admin. Code § 181.3

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Current through Reg. 49, No. 45; November 8, 2024
Section 181.3 - Program

Established pursuant to the authority recited in § RSA 181.1(b) of this title (relating to Texas Leverage Fund General Rules), the program provides a source for EDCs to leverage economic development sales and use tax receipt proceeds. The Office provides a program loan to the EDC to fund the cost of an eligible project as defined by the Act and in accordance with the Office's program guidelines. The program loan is secured by a pledge to the Office of the EDC's economic development sales and use tax receipt proceeds.

10 Tex. Admin. Code § 181.3

The provisions of this §181.3 adopted to be effective March 27, 1997, 22 TexReg 2871; amended to be effective December 10, 2001, 26 TexReg 10054; amended to be effective August 5, 2012, 37 TexReg 5730