Sec. 156.556. RULES. The finance commission shall adopt rules to administer this subchapter, including rules governing implementation of Section 156.554 that:
(1) ensure a grant awarded under that section is used for a public purpose described by that section; and
(2) provide a means of recovering money awarded that is not used in compliance with that section.
Added by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617), Sec. 7, eff. September 1, 2021.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 156 - Residential Mortgage Loan Companies
Subchapter G. Mortgage Grant Fund
Section 156.551. Mortgage Grant Fund
Section 156.553. Management of Fund
Section 156.554. Disbursement From Fund
Section 156.555. Payment of Claims for Fraudulent Unlicensed Activity