Texas Laws - Human Resource Code

(d) The development corporation may make a loan under the program through a partnership or joint investment with one or more financial institutions or federal or state programs. (9899)

(e) Payments on community health center loans shall be made to the development corporation. The development corporation shall use the loan payment money received from community health centers to make new loans as provided by this chapter. (9900)

Added by Acts 2001, 77th Leg., ch. 878, Sec. 1, eff. Sept. 1, 2001. (9901)

Sec. 136.007. SELF-FUNDING. (9902)(1-click HTML)

The commission shall develop the program as a revolving loan program that will become self-funding over the life of the program. (9903)

Added by Acts 2001, 77th Leg., ch. 878, Sec. 1, eff. Sept. 1, 2001. (9904)

Amended by: (9905)

Acts 2015, 84th Leg., R.S., Ch. 1 (S.B. 219), Sec. 4.438, eff. April 2, 2015. (9906)

Sec. 136.008. INCOME FROM LOAN. (9907)(1-click HTML)

All income received on a loan made with money received under the program is the property of the development corporation. Income received on a loan includes the payment of interest by a borrower and the administrative fees assessed by the development corporation. (9908)

Added by Acts 2001, 77th Leg., ch. 878, Sec. 1, eff. Sept. 1, 2001. (9909)

Sec. 136.009. RULES. (9910)(1-click HTML)

(a) The executive commissioner shall adopt rules to administer this chapter, including rules that require: (9911)


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