Tex. Agric. Code § 59.025 · Subchapter C. ADMINISTRATION
MAXIMUM AMOUNT OF LOAN OR GUARANTEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A loan under this chapter may not exceed the lesser of:
(1) $250,000; or
(2) an amount equal to 95 percent of the lesser of the purchase price of the land or the land's appraised value under Section 59.028.
(b) The board may provide a guarantee of not more than 90 percent of a loan approved under this section.
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. 5, eff. Sept. 1, 1995; Acts 1995, 74th Leg., ch. 1014, Sec. 14, eff. Jan. 1, 1996; Acts 1997, 75th Leg., ch. 473, Sec. 2, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 26, Sec. 13, eff. May 2, 2001.
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 fc05cd5555a616c52daa40b68fb012588a9c7dc91b58edc4a16151e9de41fe2c
- 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.
Agriculture Code
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.