Texas Government Code 481.602 – Small Business Disaster Recovery Loan Program
Current as of: 2024 | Check for updates
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(a) The office by rule shall establish a loan program to use money from the fund established under this subchapter to provide financial assistance to small businesses affected by a disaster.
(b) The office may provide financial assistance from the fund only:
(1) in the form of a loan to an eligible small business that is located in an area under a disaster declaration; and
(2) during the period for which the disaster declaration is in effect.
Terms Used In Texas Government Code 481.602
- Rule: includes regulation. See Texas Government Code 311.005
(c) The office shall credit to the fund all principal and interest payments on a loan from the fund.