(a) Notwithstanding any other provision of this chapter, an issuer participating in a rural economic development program established by the Texas Agricultural Finance Authority may sell to the authority an anticipation note issued for a purpose described by § 1431.004(a)(1), provided that the note matures before the 30th anniversary of the date the note is issued.
(b) Anticipation notes issued by a single issuer under this section in an aggregate original principal amount of not more than $500,000 are not subject to the approval requirements of § 1431.011 or Chapter 1202.
(c) An issuer may issue anticipation notes under this section for the same purpose not more than once in any 12-month period.