Sec. 58.040. CONSIDERATIONS IN FINANCING. In determining whether to provide financing under this chapter, the board shall consider the likelihood of success of the applicant and the effect of the financing on job creation and retention in the state. The board shall give preference to applicants who are Texas residents doing business in the state, and then to applicants who can demonstrate that the financed activities will take place predominantly in this state.
Added by Acts 1989, 71st Leg., ch. 455, Sec. 10, eff. Aug. 28, 1989.
Structure Texas Statutes
Title 4 - Agricultural Organizations
Chapter 58 - Agricultural Finance Authority
Section 58.031. Issuance of General Obligation Bonds
Section 58.032. Texas Agricultural Fund
Section 58.033. Issuance of Revenue Bonds
Section 58.034. General Provisions Relating to Bonds
Section 58.035. Refunding Bonds
Section 58.036. Payment Enforceable by Mandamus
Section 58.037. Bonds as Investments
Section 58.038. Tax Status of Bonds
Section 58.040. Considerations in Financing
Section 58.041. Issuance of Debt by Texas Public Finance Authority