Texas § 161.503 LOANS.

Texas Statutes

§ 161.503 — LOANS.

Texas § 161.503

Code NRNatural Resources Code

This text of Texas § 161.503 (LOANS.) 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. Natural Resources Code Code Ann. § 161.503 (2026).

Text

Sec. 161.503. LOANS.

(a)In addition to purchasing land under Subchapters F and G, the board shall make or acquire loans with money from the fund to finance land purchases by eligible persons in accordance with this subchapter and rules adopted by the board.

(b)The board may enter into contracts with lending institutions to assist in processing, originating, servicing, or administering loans under this subchapter.

(c)The board shall adopt credit, underwriting, and appraisal standards that protect the best interest of the program and limit the exposure of the fund to any losses.

(d)The board shall adopt rules as necessary to implement this subchapter.

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Sec. 161.503. LOANS. (a) In addition to purchasing land under Subchapters F and G, the board shall make or acquire loans with money from the fund to finance land purchases by eligible persons in accordance with this subchapter and rules adopted by the board.
(b) The board may enter into contracts with lending institutions to assist in processing, originating, servicing, or administering loans under this subchapter.
(c) The board shall adopt credit, underwriting, and appraisal standards that protect the best interest of the program and limit the exposure of the fund to any losses.
(d) The board shall adopt rules as necessary to implement this subchapter.