Tex. Agric. Code § 59.025

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

Section 59.025 - Maximum Amount of Loan or Guarantee

(a) A loan under this chapter may not exceed the lesser of:

(1) $250,000; or

(2) an amount equal to 95 percent of the lesser of the purchase price of the land or the land's appraised value under Section 59.028.

(b) The board may provide a guarantee of not more than 90 percent of a loan approved under this section.

Tex. Agric. Code § 59.025

Amended by Acts 2001, 77th Leg., ch. 26, Sec. 13, eff. 5/2/2001.

Amended by Acts 1997, 75th Leg., ch. 473, Sec. 2, eff. 9/1/1997

Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 14, eff. 1/1/1996

Amended by Acts 1995, 74th Leg., ch. 858, Sec. 5, eff. 9/1/1995

Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. 9/1/1993.