Texas Administrative Code
Title 10 - COMMUNITY DEVELOPMENT
Part 5 - OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT AND TOURISM OFFICE
Chapter 187 - CAPITAL ACCESS PROGRAM
Section 187.15 - Limitations on State's Liability
Universal Citation: 10 TX Admin Code ยง 187.15
Current through Reg. 49, No. 38; September 20, 2024
(a) The liability of either the Office or the state is limited to the proceeds contributed to the reserve of a participating financial institution.
(b) In no instance shall the liability of either the state or the Office be extended beyond the capacity of the participating financial institution's established reserve account.
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