Tex. Agric. Code § 58.054 · Subchapter E. AGRICULTURAL LOAN GUARANTEE PROGRAM
BOARD CONSIDERATION OF LOAN GUARANTEE APPLICATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
After reviewing the material submitted under Section 58.053, the board shall consider the following factors in deciding whether to approve an application for a loan guarantee:
(1) the anticipated benefits from granting a loan guarantee to the applicant, including both potential job creation and commercial benefits to the agricultural industry;
(2) the applicant's qualifications;
(3) the feasibility of the applicant's plan; and
(4) other repayment sources available to the applicant.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999.
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 51a7606d0499078c643a1adbb92027e1259f2e59fd2964643c5be1fbc46c88df
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.