Sec. 44.013. RURAL MICROENTERPRISE DEVELOPMENT FUND. The rural microenterprise development fund is a fund in the comptroller's office. Money appropriated to the board for use in making loans under the rural microenterprise support program, other amounts received by the state for loans made under the program, and other money received by the board for the program and required by the board to be deposited in the fund shall be deposited to the credit of the fund. The fund shall operate as a revolving fund, the contents of which shall be applied and reapplied for the purposes of the rural microenterprise support program.
Added by Acts 1989, 71st Leg., ch. 1247, Sec. 8, eff. Sept. 1, 1989. Amended by Acts 1999, 76th Leg., ch. 1459, Sec. 6, eff. June 19, 1999.
Structure Texas Statutes
Title 3 - Agricultural Research and Promotion
Chapter 44 - Agricultural Diversification and Microenterprise Support Programs
Section 44.002. Creation of Microenterprise Programs
Section 44.0045. Microenterprise Support Program Loans
Section 44.007. Interest Rate Reduction Program
Section 44.009. State Liability Prohibited
Section 44.010. Limitations in Program