Sec. 481.602. SMALL BUSINESS DISASTER RECOVERY LOAN PROGRAM. (a) The office by rule shall establish a loan program to use money from the fund established under this subchapter to provide financial assistance to small businesses affected by a disaster.
(b) The office may provide financial assistance from the fund only:
(1) in the form of a loan to an eligible small business that is located in an area under a disaster declaration; and
(2) during the period for which the disaster declaration is in effect.
(c) The office shall credit to the fund all principal and interest payments on a loan from the fund.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Structure Texas Statutes
Subtitle F - Commerce and Industrial Development
Chapter 481 - Texas Economic Development and Tourism Office
Subchapter CC. Small Business Disaster Recovery Loan Program
Section 481.602. Small Business Disaster Recovery Loan Program
Section 481.603. Eligibility for Loan
Section 481.605. Application for Loan
Section 481.606. Small Business Disaster Recovery Revolving Fund