Sec. 489.259. ADMINISTRATION OF FUND. The bank shall administer the fund. In administering the fund and this subchapter, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to:
(1) make, execute, and deliver contracts, conveyances, and other instruments; and
(2) impose charges and provide for reasonable penalties for delinquent payments or performance in connection with any transaction.
Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.
Structure Texas Statutes
Subtitle F - Commerce and Industrial Development
Chapter 489 - Texas Economic Development Bank
Subchapter E. Texas Small and Rural Community Success Fund
Section 489.252. Texas Small and Rural Community Success Fund
Section 489.253. Revenue-Based Bonds Authorized
Section 489.254. Bond Sale and Issuance
Section 489.255. Agreements in Bonds
Section 489.256. Refunding Bonds
Section 489.257. Use of Bond Proceeds
Section 489.258. Bonds as Legal Investments for Fiduciaries and Other Persons