Tex. Gov't Code Section 481.502
Financial Assistance

(a)

The office and the Texas Military Preparedness Commission shall assist defense communities in obtaining financing for economic development projects that seek to address future realignment or closure of a defense base that is in, adjacent to, or near the defense community. The office shall refer the defense community to:

(1)

a local economic development corporation created under the Development Corporation Act (Subtitle C1, Title 12, Local Government Code) for possible financing; or

(2)

an appropriate state agency that has an existing program to provide financing for the project, including:

(A)

the Texas Water Development Board; or

(B)

the Texas Department of Transportation.

(b)

A state agency making a loan to a defense community under this section shall evaluate the project and determine whether the project may be financed through the agency’s program. The state agency has sole discretion on whether to finance the project.

(c)

Expired.
Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.07, eff. April 1, 2009.
Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546), Sec. 16, eff. September 1, 2009.
Acts 2015, 84th Leg., R.S., Ch. 330 (S.B. 1358), Sec. 14, eff. September 1, 2015.

Source: Section 481.502 — Financial Assistance, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­481.­htm#481.­502 (accessed Jun. 5, 2024).

481.001
Definitions 481.002
Office 481.003
Sunset Provision 481.005
Executive Director 481.008
Audit 481.009
Review of Bonds 481.010
Personnel 481.012
Public Interest Information and Complaints 481.021
General Powers of Office 481.022
General Duties of Office 481.023
Administration of Other Statutes 481.024
Texas Economic Development Corporation 481.025
Empowerment Zone and Enterprise Community Program 481.026
Technological Solutions 481.027
Foreign Offices 481.029
Cost Recovery 481.0042
Conflict of Interest 481.043
General Powers and Duties Relating to International Trade 481.0045
Negotiated Rulemaking and Alternative Dispute Resolution Policy 481.047
Confidentiality 481.0066
Aerospace and Aviation Office 481.0067
Small Business Advocate 481.0068
Office of Small Business Assistance 481.0069
Spaceport Trust Fund 481.072
Definitions 481.073
Powers and Duties Relating to Financing 481.075
Program Rules 481.078
Texas Enterprise Fund 481.079
Report on Use of Money in Texas Enterprise Fund 481.080
Economic and Fiscal Impact Statement for Certain Grant Proposals 481.121
Definitions 481.122
Creation 481.123
Duties 481.124
Comprehensive Permit Application Procedure 481.125
Comprehensive Permit Handbook 481.126
Assistance of Other State Agencies 481.127
Comprehensive Permit Information 481.128
No Charges for Services 481.129
Environmental Permits 481.166
Legislative Findings 481.167
Texas Business and Community Economic Development Clearinghouse 481.172
Duties 481.173
Name and Picture of Living State Official 481.174
Advertisements in Tourism Promotions 481.211
Powers and Duties 481.0211
Advisory Committees 481.212
Compilation and Distribution of Data and Research 481.0215
Coordination of Economic Development Efforts 481.0295
Identification of Industry Clusters 481.0296
Advanced Technology Industries 481.379
Design Committee 481.401
Definitions 481.403
Access to Capital Programs 481.406
Rulemaking Authority 481.411
Annual Report 481.412
Reports 481.413
State Liability Prohibited 481.414
Gifts and Grants 481.451
Definitions 481.452
Micro-business Recovery Fund 481.453
Powers of Bank in Administering Micro-business Recovery Fund 481.454
Establishment of Loan Program 481.455
Program Administration 481.456
Rulemaking 481.457
Oversight 481.501
Definitions 481.502
Financial Assistance 481.503
Memorandum of Understanding 481.504
Security for Loans 481.601
Definitions 481.602
Small Business Disaster Recovery Loan Program 481.603
Eligibility for Loan 481.604
Uses of Loan 481.605
Application for Loan 481.606
Small Business Disaster Recovery Revolving Fund 481.607
Management and Investment of Fund 481.608
Rules 481.609
Report 481.651
Definitions 481.652
Establishment 481.653
Composition of Consortium 481.654
Administrative Attachment 481.655
Executive Committee Composition 481.656
Duties of Executive Committee 481.657
Biennial Report 481.658
Texas Semiconductor Innovation Fund 481.00681
Office of Small Business Assistance Advisory Task Force 481.0725
General Powers and Duties
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 481.502’s source at texas​.gov