Section 29.31 - Prohibited Investments Prohibited investments under the RED C4T Program include the following:
(1) Grants or loans for activities that relate to lobbying activities, as such activities are defined under state or federal law;(2) Grants or loans to childcare facilities, including day cares and after-school programs;(3) Grants or loans for the refinancing of existing debt;(4) Grants or loans involving the acquisition or holding of passive investments, such as commercial real estate ownership;(5) Grants or loans for the repayment of delinquent federal or state income taxes; (6) Grants or loans for the repayment of payroll or sales taxes, or other taxes required to be held in trust or escrow;(7) Grants or loans that are, or are made in a manner that is, prohibited by federal or state laws that pertain to the investment of public money; and(8) Such other grants or loans that the Department may deem to be Prohibited Investments, as communicated by the Department to the Recipient from time to time.4 Tex. Admin. Code § 29.31
Adopted by Texas Register, Volume 45, Number 52, December 25, 2020, TexReg 9409, eff. 12/29/2020