31 Tex. Admin. Code § 363.714

Current through Reg. 50, No. 1; January 3, 2025

Section 363.714 - Findings Required

The board, by resolution, may approve an application for an emergency loan if the board finds:

(1) that an emergency exists;

(2) that the political subdivision cannot finance the project without state assistance;

(3) that in its opinion the revenue or taxes pledged by the political subdivision will be sufficient to meet all the obligations assumed by the political subdivision; and

(4) that the public interest requires state participation in the project.

31 Tex. Admin. Code § 363.714

The provisions of this §363.714 adopted to be effective August 8, 1996, 21 TexReg 7265.