Tex. Government Code § 481.602
SMALL BUSINESS DISASTER RECOVERY LOAN PROGRAM
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 481.602, SMALL BUSINESS DISASTER RECOVERY LOAN PROGRAM, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/654864
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Full text
(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.