Texas § 436.156 TEXAS MILITARY VALUE REVOLVING LOAN ACCOUNT.

Texas Statutes

§ 436.156 — TEXAS MILITARY VALUE REVOLVING LOAN ACCOUNT.

Texas § 436.156

Code GVGovernment Code

This text of Texas § 436.156 (TEXAS MILITARY VALUE REVOLVING LOAN ACCOUNT.) 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. § 436.156 (2026).

Text

Sec. 436.156. TEXAS MILITARY VALUE REVOLVING LOAN ACCOUNT.

(a)The Texas military value revolving loan account is an account in the general revenue fund.

(b)The account may be used only for loans made under this subchapter.

(c)The commission shall deposit to the credit of the account all loan payments made by a political subdivision for a loan under Section 436.153 , 436.1531 , or 436.1532 . The loan payments shall be used to reimburse the general revenue fund for money appropriated to pay the principal, premium if any, and interest on the bonds issued under Section 436.158 . If loan payments exceed the amounts required for reimbursement, the excess shall first be applied to reimburse the expenses of administering the program and secondly deposited to the credit of the Texas military val

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Sec. 436.156. TEXAS MILITARY VALUE REVOLVING LOAN ACCOUNT. (a) The Texas military value revolving loan account is an account in the general revenue fund.
(b) The account may be used only for loans made under this subchapter.
(c) The commission shall deposit to the credit of the account all loan payments made by a political subdivision for a loan under Section 436.153 , 436.1531 , or 436.1532 . The loan payments shall be used to reimburse the general revenue fund for money appropriated to pay the principal, premium if any, and interest on the bonds issued under Section 436.158 . If loan payments exceed the amounts required for reimbursement, the excess shall first be applied to reimburse the expenses of administering the program and secondly deposited to the credit of the Texas military value revolving loan account to fund subsequent loans.

Legislative History

Added by Acts 2003, 78th Leg., ch. 149, Sec. 3, eff. May 27, 2003. Amended by: Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546 ), Sec. 14, eff. September 1, 2009. Acts 2015, 84th Leg., R.S., Ch. 330 (S.B. 1358 ), Sec. 11, eff. September 1, 2015.