Tex. Gov't Code § 481.602 · Subchapter EE. SMALL BUSINESS DISASTER RECOVERY LOAN PROGRAM
SMALL BUSINESS DISASTER RECOVERY LOAN PROGRAM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The office by rule shall establish a loan program to use money from the fund established under this subchapter to provide financial assistance to small businesses affected by a disaster.
(b) The office may provide financial assistance from the fund only:
(1) in the form of a loan to an eligible small business that is located in an area under a disaster declaration; and
(2) during the period for which the disaster declaration is in effect.
(c) The office shall credit to the fund all principal and interest payments on a loan from the fund.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC, Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(19), 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.481.htm
- Text hash
- sha256 8384f77bee3760633bfac971ddef046d09c76b5fc13329a0e14a4f505ed81266
- 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.