Texas § 481.453 POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS RECOVERY FUND.

Texas Statutes

§ 481.453 — POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS RECOVERY FUND.

Texas § 481.453

Code GVGovernment Code

This text of Texas § 481.453 (POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS RECOVERY FUND.) 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. § 481.453 (2026).

Text

Sec. 481.453. POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS RECOVERY FUND. In administering the fund, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to:

(1)make, execute, and deliver contracts, conveyances, and other instruments necessary to the exercise of its powers;

(2)invest money at the bank's discretion in obligations determined proper by the bank, and select and use depositories for its money;

(3)employ personnel and counsel and pay those persons from money in the fund legally available for that purpose; and

(4)impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payment of fees or charges.

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Sec. 481.453. POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS RECOVERY FUND. In administering the fund, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to:
(1) make, execute, and deliver contracts, conveyances, and other instruments necessary to the exercise of its powers;
(2) invest money at the bank's discretion in obligations determined proper by the bank, and select and use depositories for its money;
(3) employ personnel and counsel and pay those persons from money in the fund legally available for that purpose; and
(4) impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payment of fees or charges.