Sec. 489.306. ANNUAL REPORT BY PARTICIPATING FINANCIAL INSTITUTION. A participating financial institution shall submit an annual report to the bank. The report must:
(1) provide information regarding outstanding loan guarantees, loan guarantee losses, and any other information on loan guarantees under the program the bank considers appropriate;
(2) state the total amount of loans that the bank has guaranteed under this subchapter;
(3) include a copy of the financial institution's most recent financial statement; and
(4) include information regarding the type and size of micro-businesses with loan guarantees.
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