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Tex. Government Code § 489.302

MICRO-BUSINESS DISASTER RECOVERY FUND

Texas · Texas Government Code · Status: effective

Public Safety & Emergency
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Tex. Government Code § 489.302, MICRO-BUSINESS DISASTER RECOVERY FUND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/655151
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(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.