Sec. 481.452. MICRO-BUSINESS RECOVERY FUND. (a) The micro-business recovery fund is a dedicated account in the general revenue fund.
(b) Appropriations for the implementation and administration of this subchapter and any other amounts, including federal allocations, received by the bank or state under this subchapter shall be deposited in the fund.
(c) Money in the fund may be appropriated only to the bank for use in carrying out the purposes of this subchapter.
Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.
Structure Texas Statutes
Subtitle F - Commerce and Industrial Development
Chapter 481 - Texas Economic Development and Tourism Office
Subchapter CC. Micro-Business Disaster Recovery Program
Section 481.452. Micro-Business Recovery Fund
Section 481.453. Powers of Bank in Administering Micro-Business Recovery Fund
Section 481.454. Establishment of Loan Program; Purpose