Tex. Gov't Code § 481.603

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

Section 481.603 - Eligibility for Loan

The office by rule shall establish the eligibility requirements for a loan to a small business under this subchapter. The requirements must include that the small business:

(1) is in good standing under the laws of this state;

(2) does not owe delinquent taxes to a taxing unit of this state;

(3) has suffered physical damage or economic injury as a result of the event leading to the disaster declaration; and

(4) has paid in full any previous loans received under this subchapter.

Tex. Gov't. Code § 481.603

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 847,Sec. 1, eff. 9/1/2021.