Tex. Gov't Code § 487.304 · Subchapter H. RURAL HEALTH FACILITY CAPITAL IMPROVEMENT
ELIGIBILITY FOR GRANT, LOAN, OR LOAN GUARANTEE; INTEREST RATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The department shall adopt rules that establish eligibility criteria for receiving a grant, loan, or loan guarantee under this subchapter.
(b) The rules must state generally the factors the department will consider in determining whether an applicant should receive a grant, loan, or loan guarantee. The rules must consider at least the financial need of the applicant, the health care needs of the rural area served by the applicant, and the probability that the applicant will effectively and efficiently use the money obtained through the grant, loan, or loan guarantee to meet the health care needs of the rural area served by the applicant.
(c) The rules must state generally the factors the department will consider in determining the extent to which the interest rate on a loan should be below market rates.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1424, Sec. 1, eff. Sept. 1, 2001.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 112 (H.B. 1918), Sec. 55, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.487.htm
- Text hash
- sha256 28f608a309732614ea5015fd6f773ed9b654a22a75627becbc334dfbc33d68c9
- 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.