Tex. Gov't Code § 418.062 · Subchapter C-1. DISASTER RECOVERY LOAN PROGRAM
ELIGIBILITY FOR LOAN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A political subdivision may apply to the division for a loan under this subchapter if:
(1) the political subdivision:
(A) is located wholly or partly in an area declared to be a disaster area by the governor or the president of the United States; and
(B) before applying to the division for a loan under this subchapter:
(i) has submitted to the division, within 30 days of the date of its adoption by the governing body of the political subdivision, the political subdivision's operating budget for the most recent fiscal year; and
(ii) has submitted an application for a loan from the Federal Emergency Management Agency's community disaster loan program;
(2) an assessment of damages due to the disaster for which the declaration was made has been conducted in the political subdivision; and
(3) the division, in consultation with the Federal Emergency Management Agency, determines that the estimated cost to rebuild the political subdivision's infrastructure damaged in the disaster is greater than 50 percent of the political subdivision's total revenue for the current year as shown in the most recent operating budget of the political subdivision submitted to the division under this section.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 946 (S.B. 6), Sec. 3, eff. September 1, 2019.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 597 (H.B. 3222), Sec. 1, eff. September 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.418.htm
- Text hash
- sha256 f39e12c4dffbbd3d19880afde25121d66241c35c7bfc197b6be82cd5e084ce3a
- 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. Gov't Code § 418.062. Each shows the citation as that text prints it.
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