Tex. Agric. Code Section 12.0271
Rural Economic Development and Investment Program


(a)

From funds appropriated for that purpose, the commissioner shall establish and administer a financial assistance program to encourage private economic development in rural areas. Financial assistance under the program may be provided only to:

(1)

a county with a population of not more than 75,000;

(2)

a municipality with a population of not more than 50,000; or

(3)

an economic development corporation or community development financial institution that primarily represents a county or municipality described by this subsection.

(b)

Financial assistance under Subsection (a) may be used only for a project relating to:

(1)

the acquisition or development of land, easements, or rights-of-way;

(2)

attracting new private enterprises to the county or municipality, including:

(A)

manufacturing facilities;

(B)

freight storage facilities;

(C)

distribution warehouse centers; and

(D)

other nonretail private enterprises;

(3)

the construction, extension, or other improvement of:

(A)

water or waste disposal facilities; or

(B)

transportation infrastructure; or

(4)

any other activity relating to private economic development that the commissioner determines will encourage economic and infrastructure development in a rural area.

(c)

To further a purpose described by Subsection (b), the commissioner may provide financial assistance to an eligible county, municipality, community development financial institution, or economic development corporation by:

(1)

extending credit by direct loan, based on the credit of the county, municipality, community development financial institution, or economic development corporation;

(2)

providing a credit enhancement;

(3)

effectively lowering interest rates;

(4)

financing a purchase or lease agreement in connection with an economic or infrastructure development project; or

(5)

providing methods of leveraging money from sources other than this state that are related to the project for which the assistance is provided.

(d)

A county, municipality, community development financial institution, or economic development corporation that receives funds under Subsection (c) shall segregate the funds from other funds under the control of the county, municipality, or economic development corporation and use the funds only for a purpose described by this section. Any funds disbursed through the program must be repaid on terms determined by the department.

(e)

The department shall adopt rules necessary to implement this section.
Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 8.04, eff. September 1, 2009.

Source: Section 12.0271 — Rural Economic Development and Investment Program, https://statutes.­capitol.­texas.­gov/Docs/AG/htm/AG.­12.­htm#12.­0271 (accessed Mar. 23, 2024).

12.001
Execution of Laws
12.002
Development of Agriculture
12.003
Agricultural Societies
12.006
Development of Domestic and Foreign Markets
12.007
Plant Diseases and Pests
12.010
Correspondence with Government Agencies and Others
12.0011
Authority to Enter into Cooperative Agreements
12.011
Agricultural Resource Statistics
12.0012
Notification
12.013
Employees
12.016
Rules
12.018
Testing
12.020
Administrative Penalties
12.021
Fee for Phytosanitation Inspection
12.022
Authority to Solicit and Accept Gifts, Grants, and Donations
12.023
Expiration of Registration or Licenses
12.024
Late Renewal of License or Registration
12.0025
Nutrition Programs
12.025
Program Accessibility Plan
12.0026
Interagency Farm-to-school Coordination Task Force
12.026
Public Interest Information
12.0027
Nutrition Outreach Program
12.027
Economic Development Program
12.0028
Limitation on Sanctions Imposed on School Districts for Sale of Foods of Minimal Nutritional Value
12.028
Competitive Bidding or Advertising
12.0029
Summer Nutrition Programs
12.029
Minority and Female-owned Business Contracts
12.031
Advertising, Publications, and Fees
12.032
Cooperation with State Office of Administrative Hearings
12.033
Multiple Licenses
12.034
Refund or Waiver of Fees
12.035
Notice to Examinee
12.036
Licensing Out-of-state Applicants
12.037
Continuing Education
12.038
Office of Rural Affairs
12.039
Certain Wine Produced or Bottled in This State
12.040
Texas Certified Retirement Community Program
12.041
School Breakfast and Lunch Program
12.042
Home-delivered Meal Grant Program
12.046
Texas Rural Investment Fund
12.047
Use of Technology
12.048
Obtaining Criminal History Record Information
12.050
Trade Agricultural Inspection Grant Program
12.051
Farmer Mental Health and Suicide Prevention Program
12.0135
Conflict Provisions
12.0144
Fee Schedule
12.0145
Submission of Proposed Fee Schedule
12.0176
Cooperation with Certain Commodity Producers Boards
12.0177
Texas Nursery and Floral Account
12.0201
License Sanctions
12.0202
Administrative Hearings
12.0203
Negotiated Rulemaking and Alternative Dispute Resolution
12.0204
Advisory Committees
12.0205
Coordination of Consumer Protection Enforcement with Office of Attorney General
12.0261
Administrative Procedure
12.0271
Rural Economic Development and Investment Program
12.0272
Texas Economic Development Fund
12.0273
Limitations on Loans and Grants from Texas Economic Development Fund
12.02601
Complaints

Accessed:
Mar. 23, 2024

§ 12.0271’s source at texas​.gov