Texas Administrative Code
Title 10 - COMMUNITY DEVELOPMENT
Part 5 - OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT AND TOURISM OFFICE
Chapter 181 - TEXAS LEVERAGE FUND PROGRAM
Section 181.3 - Program

Established pursuant to the authority recited in § RSA 181.1(b) of this title (relating to Texas Leverage Fund General Rules), the program provides a source for EDCs to leverage economic development sales and use tax receipt proceeds. The Office provides a program loan to the EDC to fund the cost of an eligible project as defined by the Act and in accordance with the Office's program guidelines. The program loan is secured by a pledge to the Office of the EDC's economic development sales and use tax receipt proceeds.