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Texas Agriculture Code - AGRIC § 58.0211. Loan Limits

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) The authority may make, guarantee, insure, coinsure, or reinsure a loan up to the limits in this section and Section 58.021 for a single eligible business which already has an active loan if the action is approved by a two-thirds vote of the members present.

(b) Repealed by Acts 2009, 81st Leg., ch. 506, § 1.21(3).

(c) The authority may not guarantee more than 90 percent of a loan to an eligible agricultural business made by a private lender.

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Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 58.0211. Loan Limits - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-58-0211/

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