Section 29.27 - Filing Requirements and Consideration for RED C4T Investment Applications(a) Application forms. An applicant seeking a commitment from the Department shall use the application forms provided by the Department.(b) Submission of an application. Applicants are required to submit the complete application and all required material to the Department in accordance with the request for applications or other solicitation. Staff will be available prior to submission of the qualified application to discuss project eligibility.(c) Staff Review. Staff will review the application for completeness and will notify the applicant of any additional information required. When all required information has been received within the time set by the Department, staff will evaluate the technical and feasibility of the project and examine the benefits of the project for economic growth in the state.(d) Notification of approval. Upon approval of the qualified application by the Department, staff will notify the applicant and execute an Agreement between the applicant and the Department.(e) Denial of an application. If an application is denied by the Department, the Department will notify the applicant in writing identifying the reasons for denial. Applicants who have been denied may re-apply for participation in the program.(f) Providing false information. An applicant who knowingly provides false information in an application is liable to the Department for any expense incurred by the Department that results from the provision of false information to the Department. Any financial assistance, commitment or loan by the Department made as a result of a misrepresentation or providing false information in an application will be subject to termination with a requirement for full repayment of any and all proceeds disbursed to the applicant or Recipient by the Department. In addition, the Department may pursue any other remedies provided by law.4 Tex. Admin. Code § 29.27
Adopted by Texas Register, Volume 45, Number 52, December 25, 2020, TexReg 9409, eff. 12/29/2020