Section 15.612 - Application By Eligible Lending Institutions to Participate in Linked Deposit Program To participate in the nonpoint source pollution control linked deposit program, an eligible lending institution must:
(1) solicit loan applications, which must contain a description of a proposed nonpoint source pollution control project;(2) review applications to determine if applicants are eligible and creditworthy; and(3) submit the applications of eligible and creditworthy applicants to the executive administrator with a certification: (A) of the interest rate applicable to each applicant by the eligible lending institution; and(B) of the proposed project by the appropriate person as required by Section 15.613.Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. 9/1/2003; Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. 9/1/2003.