Sec. 489.303. POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS DISASTER RECOVERY FUND. In administering the micro-business disaster recovery fund, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to invest money at the bank's discretion in obligations determined proper by the bank.
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 F. Micro-Business Disaster Recovery Loan Guarantee Program
Section 489.302. Micro-Business Disaster Recovery Fund
Section 489.303. Powers of Bank in Administering Micro-Business Disaster Recovery Fund
Section 489.304. Micro-Business Disaster Recovery Loan Guarantee Program
Section 489.305. Rulemaking Authority
Section 489.306. Annual Report by Participating Financial Institution