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Texas Agriculture Code - AGRIC § 59.025. Maximum Amount of Loan or Guarantee

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

(a) A loan under this chapter may not exceed the lesser of:

(1) $250,000;  or

(2) an amount equal to 95 percent of the lesser of the purchase price of the land or the land's appraised value under Section 59.028.

(b) The board may provide a guarantee of not more than 90 percent of a loan approved under this section.

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Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 59.025. Maximum Amount of Loan or Guarantee - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-59-025/

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