Texas § 481.603 ELIGIBILITY FOR LOAN.

Texas Statutes

§ 481.603 — ELIGIBILITY FOR LOAN.

Texas § 481.603

Code GVGovernment Code

This text of Texas § 481.603 (ELIGIBILITY FOR LOAN.) 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. § 481.603 (2026).

Text

Sec. 481.603. ELIGIBILITY FOR LOAN. The office by rule shall establish the eligibility requirements for a loan to a small business under this subchapter. The requirements must include that the small business:

(1)is in good standing under the laws of this state;

(2)does not owe delinquent taxes to a taxing unit of this state;

(3)has suffered physical damage or economic injury as a result of the event leading to the disaster declaration; and

(4)has paid in full any previous loans received under this subchapter.

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Sec. 481.603. ELIGIBILITY FOR LOAN. The office by rule shall establish the eligibility requirements for a loan to a small business under this subchapter. The requirements must include that the small business:
(1) is in good standing under the laws of this state;
(2) does not owe delinquent taxes to a taxing unit of this state;
(3) has suffered physical damage or economic injury as a result of the event leading to the disaster declaration; and
(4) has paid in full any previous loans received under this subchapter.

Legislative History

Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678 ), Sec. 1, eff. September 1, 2021. Redesignated from Government Code, Subchapter CC , Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595 ), Sec. 24.001(19), eff. September 1, 2023.