Tex. Gov't Code § 2306.785 · Subchapter GG. COLONIA MODEL SUBDIVISION PROGRAM
PROGRAM LOANS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The department may make loans under the program only to:
(1) colonia self-help centers established under Subchapter Z; and
(2) community housing development organizations certified by the department.
(b) A loan made under the program may be used only for the payment of:
(1) costs associated with the purchase of real property;
(2) costs of surveying, platting, and subdividing or resubdividing real property;
(3) fees, insurance costs, or recording costs associated with the development of the subdivision;
(4) costs of providing proper infrastructure necessary to support residential uses;
(5) real estate commissions and marketing fees; and
(6) any other costs as the department by rule determines to be reasonable and prudent to advance the purposes of this subchapter.
(c) A loan made by the department under the program may not bear interest and may not exceed a term of 36 months.
(d) The department may offer a borrower under the program one loan renewal for each subdivision.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1367, Sec. 2.13, eff. Sept. 1, 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.2306.htm
- Text hash
- sha256 8d77c6e91d23d6265b2405a837320062b87bc5d2a26b767308a10dca6863cacc
- 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
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.