Texas § 2304.066 DISBURSEMENT OF LOAN FUNDS.

Texas Statutes

§ 2304.066 — DISBURSEMENT OF LOAN FUNDS.

Texas § 2304.066

Code GVGovernment Code

This text of Texas § 2304.066 (DISBURSEMENT OF LOAN FUNDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 2304.066 (2026).

Text

Sec. 2304.066. DISBURSEMENT OF LOAN FUNDS.

(a)The executive director of the department shall authorize the comptroller to disburse to a local government from the housing rehabilitation loan fund the amount of a housing rehabilitation loan approved by the local government under this chapter if the department receives from the local government a notice of the local government's approval of the loan.

(b)The executive director may not authorize the disbursement of funds for a housing rehabilitation loan if:

(1)the department finds that the local government that approved the loan is not making a good faith effort to substantially comply with the applicable housing rehabilitation area plan or the rules adopted by the department; or

(2)the remaining part of the fund allocated to the local gov

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Sec. 2304.066. DISBURSEMENT OF LOAN FUNDS. (a) The executive director of the department shall authorize the comptroller to disburse to a local government from the housing rehabilitation loan fund the amount of a housing rehabilitation loan approved by the local government under this chapter if the department receives from the local government a notice of the local government's approval of the loan.
(b) The executive director may not authorize the disbursement of funds for a housing rehabilitation loan if:
(1) the department finds that the local government that approved the loan is not making a good faith effort to substantially comply with the applicable housing rehabilitation area plan or the rules adopted by the department; or
(2) the remaining part of the fund allocated to the local government under Section 2304.008 is insufficient to allow the payment of the approved amount.