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 Jun. 5, 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
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 12.0271’s source at texas​.gov