Section 201.5 - [Effective until 2/3/2025] Disaster Recovery Loan Requirements(a) A Disaster Recovery Loan may only be made to a Micro-Business that: (1) is in good standing under the laws of this state; and(2) did not owe delinquent taxes to a taxing unit of this state before the date of the initial issuance of the Declared Disaster.(b) A Disaster Recovery Loan may not be made to a Micro-Business that: (1) has total revenue that exceeds the amount for which no franchise tax is due under Tax Code § 171.002(d)(2);(3) is a national chain with operations in this state;(4) is a lobbying firm; or(5) is a private equity firm or backed by a private equity firm.10 Tex. Admin. Code § 201.5
Adopted by Texas Register, Volume 49, Number 42, October 18, 2024, TexReg 8441, eff. 10/7/2024, exp. 2/3/2025 (Emergency)