Tex. Agric. Code § 58.0211 · Subchapter C. PURPOSES AND POWERS
LOAN LIMITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The authority may make, guarantee, insure, coinsure, or reinsure a loan up to the limits in this section and Section 58.021 for a single eligible business which already has an active loan if the action is approved by a two-thirds vote of the members present.
(b) Repealed by Acts 2009, 81st Leg., R.S., Ch. 506, Sec. 1.21(3), eff. September 1, 2009.
(c) The authority may not guarantee more than 90 percent of a loan to an eligible agricultural business made by a private lender.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 419, Sec. 5.18, eff. Sept. 1, 1995.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.21(3), eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.58.htm
- Text hash
- sha256 09eb375711b728604da460ee2bd92b689445727c9282256ff6bc7a9a418fe4e0
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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