Sec. 228.156. LIMIT ON QUALIFIED INVESTMENT. A certified capital company may not make a qualified investment at a cost to the company that is greater than 15 percent of the company's total certified capital at the time of investment.
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Subtitle B - Insurance Premium Taxes
Chapter 228 - Premium Tax Credit for Certain Investments
Subchapter D. Investment by Certified Capital Companies
Section 228.151. Required Schedule of Investment
Section 228.152. Investment in Early Stage Business Required
Section 228.153. Investment in Strategic Investment Business Required
Section 228.154. Certified Capital Not Invested in Qualified Investments
Section 228.155. Computation of Amount of Investments
Section 228.156. Limit on Qualified Investment