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Texas Government Code - GOV'T § 489.302. Micro-Business Disaster Recovery Fund

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

(a) The micro-business disaster recovery fund is a dedicated account in the general revenue fund.

(b) The micro-business disaster recovery fund is composed of:

(1) money appropriated by the legislature for the implementation and administration of this subchapter;

(2) amounts received by the state from federal grants or other sources;

(3) interest earned on the investment of money in the micro-business disaster recovery fund;

(4) amounts transferred from the Texas economic development bank fund;  and

(5) any other amounts received under this subchapter and required by the bank to be deposited in the micro-business disaster recovery fund.

(c) Money in the micro-business disaster recovery fund may be appropriated only to the bank for use in carrying out the purposes of this subchapter.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 489.302. Micro-Business Disaster Recovery Fund - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-489-302/

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