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Texas Water Code - WATER § 15.612. Application by Eligible Lending Institutions to Participate in Linked Deposit Program

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

To participate in the nonpoint source pollution control linked deposit program, an eligible lending institution must:

(1) solicit loan applications, which must contain a description of a proposed nonpoint source pollution control project;

(2) review applications to determine if applicants are eligible and creditworthy; and

(3) submit the applications of eligible and creditworthy applicants to the executive administrator with a certification:

(A) of the interest rate applicable to each applicant by the eligible lending institution; and

(B) of the proposed project by the appropriate person as required by Section 15.613.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 15.612. Application by Eligible Lending Institutions to Participate in Linked Deposit Program - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-15-612/

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