Section 201.5 - [Effective 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); Adopted by Texas Register, Volume 49, Number 52, December 27, 2024, TexReg 10628, eff. 1/5/2025