Section 489.302 - Micro-Business Disaster Recovery Fund(a) The micro-business disaster recovery fund is a dedicated account in the general revenue fund.(b) The micro-business disaster recovery fund is composed of: (1) money appropriated by the legislature for the implementation and administration of this subchapter;(2) amounts received by the state from federal grants or other sources;(3) interest earned on the investment of money in the micro-business disaster recovery fund;(4) amounts transferred from the Texas economic development bank fund; and(5) any other amounts received under this subchapter and required by the bank to be deposited in the micro-business disaster recovery fund.(c) Money in the micro-business disaster recovery fund may be appropriated only to the bank for use in carrying out the purposes of this subchapter.Tex. Gov't. Code § 489.302
Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 947,Sec. 1, eff. 6/18/2021.