Section 187.12 - Limitations on the Office's Deposit to ReserveDeposits made by the Office into a reserve account to be placed at a participating financial institution shall be limited by the following:
(1) The maximum amount the Office may deposit into a reserve account for each capital access loan made under the program is the lesser of $35,000 or an amount equal to: (A) 8.0% of the loan amount if: (i) the eligible applicant is located or financing a project, activity, or enterprise in an area designated as an enterprise zone; or(ii) the eligible applicant is a small or medium size business or a non-profit organization that operates or proposes to operate a day-care center or group day-care home, as those terms are defined by Human Resources Code, § RSA 42.002.(B) 6.0% of the loan for any other eligible applicant.(2) The amount deposited by the Office into a participating financial institution's reserve account for any single loan recipient may not exceed $150,000 during a three-year period.10 Tex. Admin. Code § 187.12
The provisions of this §187.12 adopted to be effective September 15, 1997, 22 TexReg 8967; amended to be effective August 5, 2012, 37 TexReg 5735