Sec. 481.603. ELIGIBILITY FOR LOAN. The office by rule shall establish the eligibility requirements for a loan to a small business under this subchapter. The requirements must include that the small business:
(1) is in good standing under the laws of this state;
(2) does not owe delinquent taxes to a taxing unit of this state;
(3) has suffered physical damage or economic injury as a result of the event leading to the disaster declaration; and
(4) has paid in full any previous loans received under this subchapter.
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