Tex. Gov't Code § 418.066 · Subchapter C-1. DISASTER RECOVERY LOAN PROGRAM
CREATION OF ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The disaster recovery loan account is created as an account in the general revenue fund with the comptroller, to be administered by the division.
(b) Money in the account may be used only to provide short-term loans to eligible political subdivisions in the manner provided by this subchapter.
(c) The account consists of:
(1) money appropriated, credited, or transferred to the account by the legislature;
(2) money received by the comptroller for the repayment of a loan made from the account;
(3) gifts or grants contributed to the account; and
(4) interest earned on deposits and investments of the account.
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.
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 edf2969fc89b5311f07e2e4ba52550cda1fa5bf824320f959dc357d75283f1f1
- 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
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