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Texas Government Code - GOV'T § 2304.066. Disbursement of Loan Funds

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

(a) The executive director of the department shall authorize the comptroller to disburse to a local government from the housing rehabilitation loan fund the amount of a housing rehabilitation loan approved by the local government under this chapter if the department receives from the local government a notice of the local government's approval of the loan.

(b) The executive director may not authorize the disbursement of funds for a housing rehabilitation loan if:

(1) the department finds that the local government that approved the loan is not making a good faith effort to substantially comply with the applicable housing rehabilitation area plan or the rules adopted by the department;  or

(2) the remaining part of the fund allocated to the local government under Section 2304.008 is insufficient to allow the payment of the approved amount.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2304.066. Disbursement of Loan Funds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2304-066/

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