Tex. Gov't Code § 1431.014 · Chapter 1431. ANTICIPATION NOTES
CERTAIN NOTES FOR RURAL ECONOMIC DEVELOPMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Notwithstanding any other provision of this chapter, an issuer participating in a rural economic development program established by the Texas Agricultural Finance Authority may sell to the authority an anticipation note issued for a purpose described by Section 1431.004(a)(1), provided that the note matures before the 30th anniversary of the date the note is issued.
(b) Anticipation notes issued by a single issuer under this section in an aggregate original principal amount of not more than $500,000 are not subject to the approval requirements of Section 1431.011 or Chapter 1202.
(c) An issuer may issue anticipation notes under this section for the same purpose not more than once in any 12-month period.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 152, Sec. 1, eff. May 16, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1431.htm
- Text hash
- sha256 e2682950393ff18bb2bb4b4aa6bef977e5e4d8ac4871caf561ef4b07f4532f63
- 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
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