Tex. Gov't Code Section 489.259
Administration of Fund

The bank shall administer the fund. In administering the fund and this subchapter, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to:

(1)

make, execute, and deliver contracts, conveyances, and other instruments; and

(2)

impose charges and provide for reasonable penalties for delinquent payments or performance in connection with any transaction.

Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.

Source: Section 489.259 — Administration of Fund, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.489.htm#489.259 (accessed Jun. 5, 2024).

489.001
Definitions 489.002
Rules 489.101
Creation of Bank 489.102
Powers and Duties of Bank 489.103
Fees 489.104
Allocation of Resources 489.105
Texas Economic Development Bank Fund 489.106
Administration of Fund and Chapter 489.107
Annual Report 489.108
Programs, Services, and Funds Under Bank’s Direction 489.151
State Liability Prohibited 489.152
Gifts, Grants, and Donations 489.211
Texas Product Development Fund 489.212
Small Business Incubator Fund 489.215
Information Confidential 489.221
Management of Investment Portfolio 489.251
Definition 489.252
Texas Small and Rural Community Success Fund 489.253
Revenue-based Bonds Authorized 489.254
Bond Sale and Issuance 489.255
Agreements in Bonds 489.256
Refunding Bonds 489.257
Use of Bond Proceeds 489.258
Bonds as Legal Investments for Fiduciaries and Other Persons 489.259
Administration of Fund 489.301
Definitions 489.302
Micro-business Disaster Recovery Fund 489.303
Powers of Bank in Administering Micro-business Disaster Recovery Fund 489.304
Micro-business Disaster Recovery Loan Guarantee Program 489.305
Rulemaking Authority 489.306
Annual Report by Participating Financial Institution

Accessed:
Jun. 5, 2024

§ 489.259’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._gov't_code_section_489.259

Original Source: Section 489.259 — Administration of Fund, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.489.htm#489.259 (last accessed Jun. 5, 2024).