Tex. Agric. Code Section 12.046
Texas Rural Investment Fund


(a)

In this section:

(1)

“Fund” means the Texas Rural Investment Fund.

(2)

“Rural community” means a municipality with a population of less than 50,000 or a county with a population of less than 200,000.

(b)

The fund is a dedicated account in the general revenue fund and consists of:

(1)

appropriations of money to the fund by the legislature;

(2)

gifts, grants, including federal grants, and other donations received for the fund; and

(3)

interest earned on the investment of money in the fund.

(b-1)

The department shall administer the fund and select recipients of grants and loans from the fund.

(c)

The fund may be used by the department only to:

(1)

pay for grants or loans to public or private entities for projects in rural communities that have strong local support, provide positive return on the state’s investment, and stimulate one or more of the following:

(A)

local entrepreneurship;

(B)

job creation or retention;

(C)

new capital investment;

(D)

strategic economic development planning;

(E)

individual economic and community development leadership training;

(F)

housing development; or

(G)

innovative workforce education; and

(2)

administer the grant and loan program under this section.

(d)

In awarding a grant or loan of money from the fund for a project, the department shall consider:

(1)

the project’s effect on job creation and wages;

(2)

the financial strength of the applicant;

(3)

the applicant’s business history;

(4)

an analysis of the relevant business sector;

(5)

whether there is public or private sector financial support for the project; and

(6)

whether there is local support for the project.

(e)

The fund is exempt from the application of Sections 403.095 (Use of Dedicated Revenue) and 404.071 (Disposition of Interest on Investments), Government Code.

(f)

The department may accept grants, gifts, or donations from any source that are made for the purposes of this section. Money received under this subsection shall be deposited in the fund.

(g)

The department shall adopt rules to administer this section.
Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 9.04, eff. September 1, 2009.

Source: Section 12.046 — Texas Rural Investment Fund, https://statutes.­capitol.­texas.­gov/Docs/AG/htm/AG.­12.­htm#12.­046 (accessed Mar. 16, 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
12.027
Economic Development Program
12.0027
Nutrition Outreach 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. 16, 2024

§ 12.046’s source at texas​.gov