Tex. Gov't Code § 436.1533

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

Section 436.1533 - Use of Loan Proceeds to Pay Other Debt Incurred to Finance Project

A defense community awarded a loan of financial assistance from the Texas military value revolving loan account for an eligible project under this subchapter may use a portion of the loan proceeds to pay off other debt, including commercial debt, the defense community incurred for purposes of financing the project.

Tex. Gov't. Code § 436.1533

Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 276,Sec. 2, eff. 9/1/2019.

Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 800,Sec. 2, eff. 9/1/2019.