reglab/housing_qa huggingface dataset:
TX Agric Code § 59.021 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.021. Fund

Sec. 59.021.  FUND.  (a)  The farm and ranch finance program fund is a fund in the state treasury.(b)  At the direction of the board, money received from the state or federal government or from any other person, in addition to proceeds from bonds issued under this chapter, may be deposited to the credit of the fund.(c)  The board may provide for establishing and maintaining separate accounts in the fund, including program accounts, an interest and sinking account, a reserve account, and any other accounts provided for by resolution of the board.(d)  Money received as repayment of financial assistance shall be deposited first in the interest and sinking account as provided by resolution of the board authorizing its bonds until that account is fully funded as provided by resolution of the board.(e)  The fund and each account in the fund shall be kept and maintained at the direction of the board and held in trust by the comptroller for and on behalf of the board and the owners of the bonds issued under this chapter.(f)  The fund may be used only as provided by this chapter.(g)  Pending its use, money in the fund shall be invested as provided by the resolution authorizing issuance of the bonds.(h)  The board may receive, and shall deposit in the fund, appropriations, grants, donations, earned federal funds, and the proceeds of any investment pools operated by the comptroller. Text of subsec. (i) as added by Acts 1995, 74th Leg., ch. 858, Sec. 2 (i)  In addition to other uses provided by this chapter, the authority may use money in the fund to pay costs and expenses of administering the program. Text of subsec. (i) as added by Acts 1995, 74th Leg., ch. 1014, Sec. 11 (i)  The board may use money in the fund to pay the costs and expenses of administering the program.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 858, Sec. 2, eff. Sept. 1, 1995;  Acts 1995, 74th Leg., ch. 1014, Sec. 11, eff. Jan. 1, 1996;  Acts 1997, 75th Leg., ch. 1423, Sec. 2.10, eff. Sept. 1, 1997.|
TX Agric Code § 59.022 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.022. Rules

Sec. 59.022.  RULES.  (a)  The board shall adopt rules governing application for financial assistance under this chapter.  The board may adopt rules it considers necessary to administer the program or considers in the best interest of the program.  The board may adopt rules concerning the sale of land acquired by the board under this chapter by default, foreclosure, forfeiture, or any other means.  The board shall adopt collateral or security requirements to ensure the full repayment of financial assistance granted under this chapter.  The board may approve any extension of financial assistance under this chapter or may delegate that approval authority to the commissioner.(b)  The board may adopt rules it considers necessary to administer the fund or considers in the best interest of the fund, including rules on the investment of the fund.(c)  The board may set and collect fees the board considers reasonable and necessary to cover the expenses of administering the program or considers in the best interest of the program.  Those fees shall be deposited in the state treasury to the credit of the farm and ranch finance program fund.  An applicant for financial assistance participating in the program shall pay the costs of applying for, participating in, and administering and servicing the program, in amounts the board considers reasonable and necessary.  Any cost not paid by an applicant shall be paid from the fund.(d)  The board shall adopt rules governing loan guarantees provided to lenders by the board in an amount necessary for the lender to have a performing loan.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 858, Sec. 3, eff. Sept. 1, 1995;  Acts 1995, 74th Leg., ch. 1014, Sec. 12, eff. Jan. 1, 1996;  Acts 2001, 77th Leg., ch. 26, Sec. 11, eff. May 2, 2001.|
TX Agric Code § 59.023 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.023. Powers of Board

Sec. 59.023.  POWERS OF BOARD.  The board has the power necessary to accomplish the purposes and carry out the programs provided by this chapter, including the power:(1)  to adopt and enforce bylaws, rules, and procedures necessary to carry out this chapter;(2)  to establish, charge, and collect a fee, charge, or penalty in connection with a program, service, or activity provided by the board under this chapter;(3)  to issue bonds, provide for and secure the payment of the bonds, and provide for the rights of the owners of the bonds, in the manner and to the extent permitted by this chapter;(4)  to purchase, hold, cancel, or resell or otherwise dispose of its bonds, subject to any restrictions and any resolution authorizing the issuance of its bonds;(5)  to own, rent, lease, or otherwise acquire, accept, or hold any interest in real, personal, or mixed property, by purchase, exchange, gift, assignment, transfer, foreclosure, mortgage, sale, lease, or otherwise;(6)  to hold, manage, operate, or improve real, personal, or mixed property;(7)  to sell, lease, encumber, mortgage, exchange, donate, convey, or otherwise dispose of any of its property or any interest in its property, deed of trust, or mortgage lien owned by it, under its control or custody, or in its possession and to release or relinquish any right, title, claim, lien, interest, easement, or demand, including any equity or right of redemption in property foreclosed by it, by public or private sale, with or without public bidding;(8)  to lease or rent any improvement, land, or facility from any person;(9)  to make a secured or unsecured loan to provide financial assistance as provided by this chapter, including the refunding of an outstanding obligation, mortgage, or advance used for those purposes, and to charge and collect interest on those loans for loan payments and on terms and conditions the board considers advisable that are not in conflict with this chapter;(10)  to purchase or acquire, sell, discount, assign, negotiate, or otherwise dispose of notes or other evidence of indebtedness of eligible applicants as the board determines or portions or portfolios of or participations in those evidences of indebtedness;(11)  to sell and guarantee securities, whether taxable or tax exempt under federal law, in primary and secondary markets;  and(12)  to provide to a lender a loan guarantee for the purchase of real property by an eligible applicant under Section 59.024.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 13, eff. Jan. 1, 1996;  Acts 2001, 77th Leg., ch. 26, Sec. 12, eff. May 2, 2001.|
TX Agric Code § 59.024 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.024. Application; Eligibility

Sec. 59.024.  APPLICATION;  ELIGIBILITY.  (a)  To borrow money from the fund, a person must submit an application to the authority that contains an acceptable agricultural business plan for the land proposed to be purchased that assures the authority the applicant intends to use the land for the primary purpose of farming or ranching.(b)  To be eligible to borrow money from the fund, a person, at the time of application, must:(1)  provide evidence to the authority that demonstrates that the person has at least three years of experience relevant to the person's agricultural business plan for the land proposed to be purchased;  and(2)  have a net worth of less than $400,000.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 858, Sec. 4, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 473, Sec. 1, eff. Sept. 1, 1997.|
TX Agric Code § 59.025 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.025. Maximum Amount of Loan or Guarantee

Sec. 59.025.  MAXIMUM AMOUNT OF LOAN OR GUARANTEE.  (a)  A loan under this chapter may not exceed the lesser of:(1)  $250,000;  or(2)  an amount equal to 95 percent of the lesser of the purchase price of the land or the land's appraised value under Section 59.028.(b)  The board may provide a guarantee of not more than 90 percent of a loan approved under this section.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 858, Sec. 5, eff. Sept. 1, 1995;  Acts 1995, 74th Leg., ch. 1014, Sec. 14, eff. Jan. 1, 1996;  Acts 1997, 75th Leg., ch. 473, Sec. 2, eff. Sept. 1, 1997;  Acts 2001, 77th Leg., ch. 26, Sec. 13, eff. May 2, 2001.|
TX Agric Code § 59.026 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.026. Transfer of Borrower's Interest

Sec. 59.026.  TRANSFER OF BORROWER'S INTEREST.  (a)  The contract for a loan under this chapter must provide that transfer of ownership of the land without the board's express written permission before the entire principal and interest due have been paid constitutes default under the contract.(b)  If the borrower dies or becomes financially incapacitated or if the borrower's interest in land is involuntarily transferred by court order or other proceedings, including bankruptcy, sheriff or trustee sale, or divorce, the land may be conveyed by the borrower or the borrower's heirs, administrators, executors, or successors in interest by complying with the rules adopted by the board and obtaining the board's written permission.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 15, eff. Jan. 1, 1996.|
TX Agric Code § 59.027 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.027. Changes in Use

Sec. 59.027.  CHANGES IN USE.  (a)  Before a borrower may use land acquired with financial assistance under this chapter for a primary purpose other than farming or ranching, the borrower must submit to the board an application for approval of the change of use.(b)  As soon as practicable after an application for a change of use is received, the board shall approve or deny the application and shall notify the borrower of the board's decision.(c)  The loan contract must provide that using land acquired under this chapter for a purpose other than farming or ranching without the approval of the board constitutes default under the contract.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 16, eff. Jan. 1, 1996.|
TX Agric Code § 59.028 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.028. Appraisal

Sec. 59.028.  APPRAISAL.  (a)  Before the board may loan money for the purchase of land under this chapter, the board must have an appraisal of the property made to determine its value.(b)  An appraiser representing the board must be qualified to give competent appraisals of land.  The board may use appraisers employed by the board.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 17, eff. Jan. 1, 1996.|
TX Agric Code § 59.029 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.029. Payments to Board Under Certain Leases

Sec. 59.029.  PAYMENTS TO BOARD UNDER CERTAIN LEASES.  If, during a period a person is indebted to the board for land purchased with financial assistance under this chapter, the person executes or there exists a lease or contract of sale of oil, gas, or other minerals, chemicals, hard metals, timber, sand, gravel, or other material that covers the land purchased from the board that would result in the depletion of the corpus of the land, not less than one-half of all bonus money, delay rentals, or royalties received as consideration for or payment under the oil, gas, or mineral lease and not less than one-half of all money received under a lease or contract of sale of other minerals, chemicals, hard metals, timber, sand, gravel, or other material shall be paid to the board by the lessee under the lease or the buyer under the contract of sale.  The board shall apply those payments to the satisfaction of the indebtedness.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 18, eff. Jan. 1, 1996.|
TX Agric Code § 59.030 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.030. Term of Leases

Sec. 59.030.  TERM OF LEASES.  (a)  A purchaser may not lease land purchased with financial assistance under this chapter for a term longer than 10 years, except:(1)  a lease for oil, gas, or other minerals may be for a term of not longer than 10 years, and as long thereafter as oil, gas, or other minerals are produced from the land in commercial quantities;  and(2)  a lease for coal and lignite may be for a term of not longer than 40 years, and as long thereafter as coal and lignite are produced from the land in commercial quantities.(b)  A lease or a separate instrument to take effect in the future may not contain a provision for option or renewal of the lease or re-lease of the property for any term that would result in a fixed term of the lease that exceeds the maximum fixed term authorized under Subsection (a) of this section.  A lease or instrument that contains an option renewal or re-lease agreement in violation of this section is void.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.|
TX Agric Code § 59.031 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.031. Death of a Borrower

Sec. 59.031.  DEATH OF A BORROWER.  (a)  If a borrower receiving financial assistance under this chapter dies while indebted to the state under a contract, the borrower's rights under this chapter and the contract devolve on the borrower's heirs, devisees, or personal representatives under the laws of this state, subject to all rights, claims, and charges of the board.(b)  Default by an heir, devisee, or personal representative with respect to a right, claim, or charge of the board has the same effect as default by the borrower before the borrower's death.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 19, eff. Jan. 1, 1996.|
TX Agric Code § 59.032 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter C. Administration|Section 59.032. Unencumbered Title

Sec. 59.032.  UNENCUMBERED TITLE.  The board may establish a procedure by which a borrower acquiring land with a loan under this chapter may obtain title to a portion of the tract clear of encumbrances.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 20, eff. Jan. 1, 1996.|
TX Agric Code § 59.046 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter D. Offenses; Penalties|Section 59.046. False or Fictitious Written Statement

Sec. 59.046.  FALSE OR FICTITIOUS WRITTEN STATEMENT.  (a)  A person commits an offense if the person knowingly or intentionally makes, publishes, passes, files, or uses any false, fictitious, or forged paper, document, contract, affidavit, application, assignment, or other written instrument relating to the procurement of financial assistance under this chapter or to the purchase, sale, or resale of land under this chapter or in connection with any transaction under this chapter.(b)  An offense under this section is a felony of the third degree.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.|
TX Agric Code § 59.047 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter D. Offenses; Penalties|Section 59.047. Fraud

Sec. 59.047.  FRAUD.  (a)  A person commits an offense if the person defrauds a person of rights or benefits under this chapter or uses this chapter to defraud the state by an act of fraud, duress, deceit, coercion, or misrepresentation.(b)  An offense under this section is a felony of the third degree.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.|
TX Agric Code § 60.001 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 60 - Texas Agricultural Development Districts|Subchapter A. General Provisions|Section 60.001. Short Title

Sec. 60.001.  SHORT TITLE.  This chapter may be cited as the Agricultural Development District Act.|Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.|
TX Agric Code § 60.002 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 60 - Texas Agricultural Development Districts|Subchapter A. General Provisions|Section 60.002. Legislative Intent

Sec. 60.002.  LEGISLATIVE INTENT.  This chapter furthers the public purpose of improving the economy of this state by providing incentives for the development of agricultural operations and facilities.|Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.|
TX Agric Code § 60.003 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 60 - Texas Agricultural Development Districts|Subchapter A. General Provisions|Section 60.003. Findings

Sec. 60.003.  FINDINGS.  (a)  Agriculture is a critical element in Texas' economic, cultural, and historical development but is under considerable pressure as a result of market concentration, competitive forces, adverse weather conditions, urbanization, and other factors.(b)  Agriculture is a vital component of a diversified state economy, creates numerous economic opportunities, and serves to renew the state's natural resources through the annual production of crops and livestock and the use and reuse of agricultural by-products.(c)  The state must increase economic opportunities, including value-added operations, to keep more agriculture-based activity in the state and ensure that agriculture remains a vital force in the economy.  In order to accomplish this goal, the state must provide incentives to promote the development of agricultural facilities.(d)  The means and measures authorized by this chapter are in the public interest and serve a public purpose of this state in promoting the development of agricultural facilities and operations by providing incentives for the development of projects that result in employment and economic activity.(e)  The creation of agricultural development districts is essential to accomplish the purposes of Section 52-a, Article III, Texas Constitution, and to accomplish the other public purposes stated in this chapter and further serves the purposes of Section 59, Article XVI, and Section 52, Article III, Texas Constitution.|Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.|
TX Agric Code § 60.004 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 60 - Texas Agricultural Development Districts|Subchapter A. General Provisions|Section 60.004. Definitions

Sec. 60.004.  DEFINITIONS.  In this chapter:(1)  "Assessment" means a charge levied against real property located within a district's boundaries or against an agricultural product produced on real property in the district to pay the costs associated with the district's purposes, including a reassessment or supplemental assessment.(2)  "Board" means the board of directors of a district.(3)  "Bond" means an obligation issued by a district under this chapter, including a bond, certificate, note, or other evidence of indebtedness.(4)  "Director" means a member of the board of directors of a district.(5)  "District" means a Texas Agricultural Development District established under this chapter.(6)  "Project" means an agricultural project designated under Section 60.054.|Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.|
TX Agric Code § 60.005 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 60 - Texas Agricultural Development Districts|Subchapter A. General Provisions|Section 60.005. Governmental Agency; Tort Claims

Sec. 60.005.  GOVERNMENTAL AGENCY;  TORT CLAIMS.  A district is a governmental agency, a body politic and corporate, and a political subdivision of this state.  Section 375.004, Local Government Code, applies to a district.|Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.|
TX Agric Code § 60.006 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 60 - Texas Agricultural Development Districts|Subchapter A. General Provisions|Section 60.006. Purpose and Nature of District

Sec. 60.006.  PURPOSE AND NATURE OF DISTRICT.  (a)  A district is created as a conservation and reclamation district under Section 59, Article XVI, Texas Constitution, to conserve and develop the natural resources of this state, including agricultural resources.(b)  A district created under this chapter exercises public and essential governmental functions.(c)  Chapter 49, Water Code, does not apply to a district, except as provided by Section 60.061.(d)  The creation of a district is essential to accomplish the purposes of Section 52-a, Article III, Texas Constitution, and other public purposes stated in this chapter.|Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.|
TX Agric Code § 60.021 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 60 - Texas Agricultural Development Districts|Subchapter B. Creation of District|Section 60.021. Petition to Establish District

Sec. 60.021.  PETITION TO ESTABLISH DISTRICT.  (a)  On petition of at least 10 residents of a proposed district, five of whom must own real property in the proposed district, the commissioners court of a county in which an agricultural facility of the proposed district is to be located may commence the creation of a district.(b)  The creation of the district is subject to a confirmation election held as provided by this subchapter.(c)  A district may consist of parcels of land that are:(1)  not contiguous;  and(2)  located in one or more counties.(d)  Not later than the 10th day following the date of receipt of a petition, the commissioners court shall provide notice of the receipt of the petition and a copy of the petition to:(1)  the commissioners court of each other county located in whole or in part in the proposed district;  and(2)  the governing body of each municipality located in whole or in part in the proposed district.(e)  No part of a proposed district may be located within the corporate boundaries of a municipality unless, prior to the formation of the district, the governing body of the municipality consents in writing to the formation of the district within the municipality.|Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.|