Texas Administrative Code
Title 1 - ADMINISTRATION
Part 1 - OFFICE OF THE GOVERNOR
Chapter 4 - TEXAS MILITARY PREPAREDNESS COMMISSION
Subchapter A - TEXAS MILITARY VALUE REVOLVING LOAN FUND PROGRAM
Section 4.3 - Processing and Review of Applications
Universal Citation: 1 TX Admin Code ยง 4.3
Current through Reg. 49, No. 38; September 20, 2024
(a) The Commission shall conduct its review of the applicant's creditworthiness based on standard due diligence practices and procedures that are consistent with other Office of the Governor programs including, but not limited to:
(1) review of
project description to assess whether it satisfies program criteria
requirements;
(2) quick assessment
project considerations;
(3)
economic/financial analysis;
(4)
revenue analysis;
(5) credit rating
review; and
(6) financial analysis
summary - strengths, weaknesses, exceptions.
(b) In addition, the Commission, in consultation with the Texas Public Finance Authority, shall also be responsible for developing the loan and security structure including:
(1) the loan term sheet;
(2) the loan agreement; and
(3) the bond sale activities.
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