Texas § 487.302 POWERS OF DEPARTMENT.

Texas Statutes

§ 487.302 — POWERS OF DEPARTMENT.

Texas § 487.302

Code GVGovernment Code

This text of Texas § 487.302 (POWERS OF DEPARTMENT.) 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. § 487.302 (2026).

Text

Sec. 487.302. POWERS OF DEPARTMENT. In administering this subchapter, the department may:

(1)enter into and enforce contracts and execute and deliver conveyances and other instruments necessary to make and administer grants, loans, and loan guarantees under this subchapter;

(2)employ personnel and counsel necessary to implement this subchapter and pay them from money appropriated for that purpose;

(3)impose and collect reasonable fees and charges in connection with grants, loans, and loan guarantees made under this subchapter and provide reasonable penalties for delinquent payment of fees, charges, or loan repayments;

(4)take and enforce a mortgage or appropriate security interest in real or personal property that a loan recipient acquires with the proceeds of a loan made under this su

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Sec. 487.302. POWERS OF DEPARTMENT. In administering this subchapter, the department may:
(1) enter into and enforce contracts and execute and deliver conveyances and other instruments necessary to make and administer grants, loans, and loan guarantees under this subchapter;
(2) employ personnel and counsel necessary to implement this subchapter and pay them from money appropriated for that purpose;
(3) impose and collect reasonable fees and charges in connection with grants, loans, and loan guarantees made under this subchapter and provide reasonable penalties for delinquent payment of fees, charges, or loan repayments;
(4) take and enforce a mortgage or appropriate security interest in real or personal property that a loan recipient acquires with the proceeds of a loan made under this subchapter; and
(5) adopt rules necessary to implement the grant, loan, and loan guarantee program.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1424, Sec. 1, eff. Sept. 1, 2001. Amended by: Acts 2009, 81st Leg., R.S., Ch. 112 (H.B. 1918 ), Sec. 53, eff. September 1, 2009.