Tex. Gov't Code § 481.504

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 481.504 - Security for Loans

In addition to any other security provided by law, if a defense community defaults on a loan, a state agency making a loan to the defense community for a project described by Section 481.502(a) may foreclose under a loan agreement in the manner provided by law for foreclosure and liquidate any collateral provided under the loan agreement to recover any outstanding debt.

Tex. Gov't. Code § 481.504

Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. 6/18/2003.