Texas § 481.411 ANNUAL REPORT.

Texas Statutes

§ 481.411 — ANNUAL REPORT.

Texas § 481.411

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 481.411 (2026).

Text

Sec. 481.411. ANNUAL REPORT. A participating financial institution shall submit an annual report to the bank. The report must, at a minimum:

(1)provide information regarding outstanding loans, loan losses, and any other information related to participation in a program established under this subchapter the bank considers appropriate;

(2)state the total amount of loans for which the bank has made a contribution from the fund under this subchapter;

(3)include a copy of the institution's most recent financial statement; and

(4)include information regarding the type and size of businesses and nonprofit organizations with loans under this subchapter.

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Sec. 481.411. ANNUAL REPORT. A participating financial institution shall submit an annual report to the bank. The report must, at a minimum:
(1) provide information regarding outstanding loans, loan losses, and any other information related to participation in a program established under this subchapter the bank considers appropriate;
(2) state the total amount of loans for which the bank has made a contribution from the fund under this subchapter;
(3) include a copy of the institution's most recent financial statement; and
(4) include information regarding the type and size of businesses and nonprofit organizations with loans under this subchapter.

Legislative History

Added by Acts 1997, 75th Leg., ch. 1163, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.60, eff. Sept. 1, 2003. Amended by: Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271 ), Sec. 13, eff. June 18, 2021.