Tex. Gov't Code § 481.602

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

Section 481.602 - Small Business Disaster Recovery Loan Program

(a) The office by rule shall establish a loan program to use money from the fund established under this subchapter to provide financial assistance to small businesses affected by a disaster.

(b) The office may provide financial assistance from the fund only:

(1) in the form of a loan to an eligible small business that is located in an area under a disaster declaration; and

(2) during the period for which the disaster declaration is in effect.

(c) The office shall credit to the fund all principal and interest payments on a loan from the fund.

Tex. Gov't. Code § 481.602

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 847,Sec. 1, eff. 9/1/2021.