SMALL BUSINESS DISASTER RECOVERY LOAN PROGRAM.
Tex. GOV'T Code § 481.602.
in effect(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.
(c) The office shall credit to the fund all principal and interest payments on a loan from the fund.
Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678 ), Sec. 1, eff. September 1, 2021.
Redesignated from Government Code, Subchapter CC , Chapter 481 by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595 ), Sec. 24.001(19), eff. September 1, 2023.