Tex. Local Government Code § 501.252
STATE STANDARDS AND GUIDELINES FOR LEASE, SALE, OR LOAN AGREEMENTS
Texas · Texas Local Government Code · Status: effective
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- Citation
- Tex. Local Government Code § 501.252, STATE STANDARDS AND GUIDELINES FOR LEASE, SALE, OR LOAN AGREEMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694041
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Full text
(a) The economic development office shall adopt rules:
(1) providing minimum standards for lease, sale, and loan agreements entered into under this subtitle; and
(2) providing guidelines with respect to the business experience, financial resources, and responsibilities of the lessee, purchaser, or borrower under a lease, sale, or loan agreement entered into under this subtitle.
(b) The economic development office may adopt rules governing the terms of a loan made by a corporation to a bank or other lending institution the proceeds of which are reloaned as permanent or temporary financing of a project.