Texas Administrative Code
Title 10 - COMMUNITY DEVELOPMENT
Part 5 - OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT AND TOURISM OFFICE
Chapter 187 - CAPITAL ACCESS PROGRAM
Section 187.16 - Annual Reporting and Auditing Requirements
Universal Citation: 10 TX Admin Code ยง 187.16
Current through Reg. 49, No. 12; March 22, 2024
(a) A participating financial institution shall remit an annual report to the Office containing the information required by Texas Government Code, Chapter 481, Subchapter BB, §481.411. The report must:
(1) provide information with regard to
outstanding capital access loans, capital access loan losses, and any other
information consistent with the objectives of the program the Office considers
appropriate;
(2) state the total
amount of loans for which the Office has made a contribution from the fund
under the program;
(3) include a
copy of the institution's most recent financial statement; and
(4) include information regarding the type
and size of businesses and nonprofit organizations with capital access
loans.
(b) The Office may suspend enrollment of subsequent loans of a financial institution that fails to comply with the annual reporting requirement prescribed by this section.
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