Sec. 481.411. ANNUAL REPORT. A participating financial institution shall submit an annual report to the bank. The report must, at a minimum:
(1) provide information regarding outstanding loans, loan losses, and any other information related to participation in a program established under this subchapter the bank considers appropriate;
(2) state the total amount of loans for which the bank has made a contribution from the fund under this subchapter;
(3) include a copy of the institution's most recent financial statement; and
(4) include information regarding the type and size of businesses and nonprofit organizations with loans under this subchapter.
Added by Acts 1997, 75th Leg., ch. 1163, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 814, Sec. 1.60, eff. Sept. 1, 2003.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 13, eff. June 18, 2021.
Structure Texas Statutes
Subtitle F - Commerce and Industrial Development
Chapter 481 - Texas Economic Development and Tourism Office
Subchapter BB. Access to Capital Programs
Section 481.402. Original Capital Access Fund
Section 481.403. Access to Capital Programs
Section 481.404. Powers of Bank in Administering Original Capital Access Fund
Section 481.405. Original Capital Access Program
Section 481.406. Rulemaking Authority
Section 481.407. Provisions Relating to Capital Access Loan Under Original Capital Access Program
Section 481.408. Original Capital Access Program Reserve Account
Section 481.410. State's Rights With Respect to Original Capital Access Program Reserve Account
Section 481.411. Annual Report
Section 481.412. Reports; Audits
Section 481.413. State Liability Prohibited
Section 481.414. Gifts and Grants
Section 481.415. Allocation and Transfer of Money From Original Capital Access Fund