Tex. Agric. Code § 44.010

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 44.010 - Limitations in Program

(a) At any one time, not more than $30 million may be placed in linked deposits under this chapter.

(b) The maximum amount of a loan under this chapter is $500,000.

(c) A loan granted pursuant to this chapter may be used for any agriculture-related operating expense, including the purchase or lease of land or fixed assets acquisition or improvement, as identified in the application.

(d) A loan granted pursuant to this chapter may be applied to existing debt as described in Section 44.007.

Tex. Agric. Code § 44.010

Amended by Acts 2009, 81st Leg., R.S., Ch. 506, Sec. 1.04, eff. 9/1/2009.

Amended by Acts 2001, 77th Leg., ch. 26, Sec. 3, eff. 5/2/2001.

Amended by Acts 1999, 76th Leg., ch. 1459, Sec. 5, eff. 6/19/1999

Amended by Acts 1997, 75th Leg., ch. 1010, Sec. 5.10, eff. 9/1/1997

Amended by Acts 1993, 73rd Leg., ch. 644, Sec. 3, eff. 8/30/1993

Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 1, Sec. 1, eff. 11/3/1987.