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Texas Government Code - GOV'T § 481.602. Small Business Disaster Recovery Loan Program

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

(a) The office by rule shall establish a loan program to use money from the fund established under this subchapter to provide financial assistance to small businesses affected by a disaster.

(b) The office may provide financial assistance from the fund only:

(1) in the form of a loan to an eligible small business that is located in an area under a disaster declaration;  and

(2) during the period for which the disaster declaration is in effect.

(c) The office shall credit to the fund all principal and interest payments on a loan from the fund.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 481.602. Small Business Disaster Recovery Loan Program - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-481-602/

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