Tex. Gov't Code § 436.156 · Subchapter D. FISCAL PROVISIONS
TEXAS MILITARY VALUE REVOLVING LOAN ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The Texas military value revolving loan account is an account in the general revenue fund.
(b) The account may be used only for loans made under this subchapter.
(c) The commission shall deposit to the credit of the account all loan payments made by a political subdivision for a loan under Section 436.153, 436.1531, or 436.1532. The loan payments shall be used to reimburse the general revenue fund for money appropriated to pay the principal, premium if any, and interest on the bonds issued under Section 436.158. If loan payments exceed the amounts required for reimbursement, the excess shall first be applied to reimburse the expenses of administering the program and secondly deposited to the credit of the Texas military value revolving loan account to fund subsequent loans.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 149, Sec. 3, eff. May 27, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546), Sec. 14, eff. September 1, 2009.
Acts 2015, 84th Leg., R.S., Ch. 330 (S.B. 1358), Sec. 11, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.436.htm
- Text hash
- sha256 8c990c3daffb3783bc7d105449f80a6608edd0dc3a2d3bf17798fefa0b724a49
- 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.
Government Code
- Tex. Gov't Code § 436.153LOANS.Printed as Section 436.153, 436.1531, or 436.1532
- Tex. Gov't Code § 436.1531LOANS FOR COMMUNITIES ADVERSELY AFFECTED BY DEFENSE BASE REDUCTION.Printed as Section 436.153, 436.1531, or 436.1532
- Tex. Gov't Code § 436.1532LOANS FOR COMMUNITIES POSITIVELY AFFECTED BY DEFENSE BASE RESTRUCTURING.Printed as Section 436.153, 436.1531, or 436.1532
- Tex. Gov't Code § 436.158ISSUANCE OF GENERAL OBLIGATION BONDS AND NOTES FOR MILITARY VALUE ACCOUNT.Printed as Section 436.158
Cited by 3 provisions
Provisions in this library whose text cites Tex. Gov't Code § 436.156. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 436.153LOANS.Printed as Section 436.156
- Tex. Gov't Code § 436.1531LOANS FOR COMMUNITIES ADVERSELY AFFECTED BY DEFENSE BASE REDUCTION.Printed as Section 436.156
- Tex. Gov't Code § 436.1532LOANS FOR COMMUNITIES POSITIVELY AFFECTED BY DEFENSE BASE RESTRUCTURING.Printed as Section 436.156
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.