Tex. Agric. Code § 58.054

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 58.054 - Board Consideration of Loan Guarantee Application

After reviewing the material submitted under Section 58.053, the board shall consider the following factors in deciding whether to approve an application for a loan guarantee:

(1) the anticipated benefits from granting a loan guarantee to the applicant, including both potential job creation and commercial benefits to the agricultural industry;

(2) the applicant's qualifications;

(3) the feasibility of the applicant's plan; and

(4) other repayment sources available to the applicant.

Tex. Agric. Code § 58.054

Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. 6/19/1999.