Sec. 436.1533. USE OF LOAN PROCEEDS TO PAY OTHER DEBT INCURRED TO FINANCE PROJECT. A defense community awarded a loan of financial assistance from the Texas military value revolving loan account for an eligible project under this subchapter may use a portion of the loan proceeds to pay off other debt, including commercial debt, the defense community incurred for purposes of financing the project.
Added by Acts 2019, 86th Leg., R.S., Ch. 276 (S.B. 2131), Sec. 2, eff. September 1, 2019.
Added by Acts 2019, 86th Leg., R.S., Ch. 800 (H.B. 2119), Sec. 2, eff. September 1, 2019.
Structure Texas Statutes
Subtitle C - State Military Forces and Veterans
Chapter 436 - Texas Military Preparedness Commission
Subchapter D. Fiscal Provisions
Section 436.152. Analysis of Projects That Add Military or Defense Value; Financing
Section 436.1531. Loans for Communities Adversely Affected by Defense Base Reduction
Section 436.1532. Loans for Communities Positively Affected by Defense Base Restructuring
Section 436.1533. Use of Loan Proceeds to Pay Other Debt Incurred to Finance Project
Section 436.155. Incurrence of Debt by Public Entity
Section 436.156. Texas Military Value Revolving Loan Account
Section 436.157. Gifts and Grants
Section 436.158. Issuance of General Obligation Bonds and Notes for Military Value Account