Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 4. EXECUTIVE BRANCH |
Subtitle F. COMMERCE AND INDUSTRIAL DEVELOPMENT |
Chapter 481. TEXAS ECONOMIC DEVELOPMENT AND TOURISM OFFICE |
Subchapter N. BUSINESS DEVELOPMENT--LINKED DEPOSIT PROGRAM |
Sec. 481.197. LIMITATIONS IN PROGRAM
Latest version.
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(a) Repealed by Acts 2003, 78th Leg., ch. 814, Sec. 6.01(3).
(b) The maximum amount of a loan under the linked deposit program is $250,000.
(c) The borrower shall apply a loan granted under this subchapter to working capital or to the purchase, construction, or lease of capital assets, including land, buildings, and equipment.
Added by Acts 1993, 73rd Leg., ch. 689, Sec. 1, eff. Aug. 30, 1993. Amended by Acts 1995, 74th Leg., ch. 633, Sec. 1, eff. Sept. 1, 1995; Acts 1997, 75th Leg., ch. 1162, Sec. 4, eff. Sept. 1, 1997; Acts 1999, 76th Leg., ch. 1231, Sec. 1, eff. Sept. 1, 1999; Acts 2003, 78th Leg., ch. 814, Sec. 6.01(3), eff. Sept. 1, 2003.