Tex. Agric. Code § 59.024 · Subchapter C. ADMINISTRATION
APPLICATION; ELIGIBILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) To borrow money from the fund, a person must submit an application to the authority that contains an acceptable agricultural business plan for the land proposed to be purchased that assures the authority the applicant intends to use the land for the primary purpose of farming or ranching.
(b) To be eligible to borrow money from the fund, a person, at the time of application, must:
(1) provide evidence to the authority that demonstrates that the person has at least three years of experience relevant to the person's agricultural business plan for the land proposed to be purchased; and
(2) have a net worth of less than $400,000.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 858, Sec. 4, eff. Sept. 1, 1995; Acts 1997, 75th Leg., ch. 473, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.59.htm
- Text hash
- sha256 eec7b7b0a6e1e50f74486939194dfc39c6e4a973c46f236c2990e3d7f1c48380
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Agric. Code § 59.024. Each shows the citation as that text prints it.
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.