Sec. 503.053. EXPENDITURES; APPROVAL OF PROGRAMS

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(a) Expenses that the Texas Small Business Industrial Development Corporation incurs in operating and administering the corporation's programs and affairs, including expenses for employees and program assistance or development, shall be paid out of fees collected or revenue generated under this subtitle.
(b) Each program or expenditure of the corporation must be approved on behalf of this state by the Texas Economic Development Bank.

Added by Acts 2007, 80th Leg., R.S., Ch. 885 , Sec. 3.01, eff. April 1, 2009.

                    
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