Tex. Gov't Code § 489.302 · Subchapter F. MICRO-BUSINESS DISASTER RECOVERY LOAN GUARANTEE PROGRAM
MICRO-BUSINESS DISASTER RECOVERY FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The micro-business disaster recovery fund is a dedicated account in the general revenue fund.
(b) The micro-business disaster recovery fund is composed of:
(1) money appropriated by the legislature for the implementation and administration of this subchapter;
(2) amounts received by the state from federal grants or other sources;
(3) interest earned on the investment of money in the micro-business disaster recovery fund;
(4) amounts transferred from the Texas economic development bank fund; and
(5) any other amounts received under this subchapter and required by the bank to be deposited in the micro-business disaster recovery fund.
(c) Money in the micro-business disaster recovery fund may be appropriated only to the bank for use in carrying out the purposes of this subchapter.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.489.htm
- Text hash
- sha256 99c59bc024ed3d61e0ee6c3c178da75b7a854e1b89a471a2410308d9e3209fcf
- 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.