reglab/housing_qa huggingface dataset:
TX Govt Code § 489.203 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.203. Board Members; Appointment; Terms of Office

Sec. 489.203.  BOARD MEMBERS;  APPOINTMENT;  TERMS OF OFFICE.  (a)  The board consists of nine persons appointed by the governor.(b)  In appointing members of the board, the governor shall appoint:(1)  three persons having significant business leadership experience in technology, particularly experience with the transfer of research results into commercial applications;(2)  two persons employed by institutions of higher education of this state who have experience in technological research and its commercial applications;(3)  two persons experienced and knowledgeable in structuring and providing financing for technological products or businesses;  and(4)  two persons who reside in a county of this state with above state average unemployment and below state average per capita income and who have experience and knowledge in technology-related business growth.(c)  Appointed members of the board serve six-year staggered terms, with the terms of three members expiring February 1 of each odd-numbered year.(d)  The governor shall appoint the presiding officer of the board.(e)  The board shall appoint a secretary of the board whose duties may be prescribed by law and by the board.(f)  Appointed members of the board serve without pay but are entitled to reimbursement for their actual expenses incurred in attending meetings of the board or in performing other work of the board if that work is approved by the governor or the governor's designee.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.Amended by: Acts 2005, 79th Leg., Ch. 40 (H.B. 2307), Sec. 1, eff. May 10, 2005.|
TX Govt Code § 489.204 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.204. Removal of Board Member

Sec. 489.204.  REMOVAL OF BOARD MEMBER.  (a)  It is a ground for removal from the board if an appointed member:(1)  cannot because of illness or disability discharge the member's duties for a substantial part of the term for which the member is appointed;  or(2)  is absent from more than half of the regularly scheduled board meetings that the member is eligible to attend during a calendar year unless the absence is excused by majority vote of the board.(b)  The validity of an action of the board is not affected by the fact that the action was taken when a ground for removal of a board member existed.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.205 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.205. Training of Board Members

Sec. 489.205.  TRAINING OF BOARD MEMBERS.  (a)  Before an appointed member of the board may assume the member's duties, the member must complete at least one course of the training program established under this section.(b)  A training program established under this section shall provide information to the member regarding:(1)  the enabling legislation that created the board;(2)  the programs operated by the board;(3)  the role and functions of the board;(4)  the rules of the board, with an emphasis on the rules that relate to disciplinary and investigatory authority;(5)  the current budget for the board;(6)  the results of the most recent formal audit of the board;(7)  the requirements of the:(A)  open meetings law, Chapter 551;(B)  open records law, Chapter 552;  and(C)  administrative procedure law, Chapter 2001;(8)  the requirements of the conflict of interest laws and other laws relating to public officials;  and(9)  any applicable ethics policies adopted by the board or the Texas Ethics Commission.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.206 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.206. Meetings

Sec. 489.206.  MEETINGS.  (a)  The board shall hold regular meetings in Austin and other meetings at places and times scheduled by the board in formal sessions and called by the bank.(b)  The board shall develop and implement policies that provide the public with a reasonable opportunity to appear before the board and to speak on any issue under the jurisdiction of the board.(c)  The board shall make minutes of all meetings available in the board's office for public inspection.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.207 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.207. Applicability of Open Meetings Law and Administrative Procedure Law

Sec. 489.207.  APPLICABILITY OF OPEN MEETINGS LAW AND ADMINISTRATIVE PROCEDURE LAW.  The board is subject to the open meetings law, Chapter 551, and the administrative procedure law, Chapter 2001.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.208 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.208. Staff

Sec. 489.208.  STAFF.  (a)  The employees of the office selected by the executive director of the office for that purpose serve as the staff of the board.(b)  The executive director of the office shall select and supervise the staff of the board and perform other duties delegated to the office by the board.(c)  The executive director of the office shall provide to members of the board and to board staff, as often as necessary, information regarding their qualifications for office or employment under this subchapter and their responsibilities under applicable laws relating to standards of conduct for state officers or employees.(d)  The board shall develop and implement policies that clearly separate the policy-making responsibilities of the board and the management responsibilities of the office, the bank, and the executive director of the office.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.209 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.209. Program and Facility Accessibility

Sec. 489.209.  PROGRAM AND FACILITY ACCESSIBILITY.  (a)  The board shall comply with federal and state laws related to program and facility accessibility.(b)  The board shall prepare and maintain a written plan that describes how a person who does not speak English can be provided reasonable access to the board's programs and services.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.210 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.210. Powers of Board and Bank; Bonds

Sec. 489.210.  POWERS OF BOARD AND BANK;  BONDS.  (a)  The board and bank have the powers necessary and reasonable to carry out this subchapter and the board may adopt rules, policies, and procedures necessary or reasonable to implement this subchapter.(b)  The bank may issue general obligation bonds, up to the amounts authorized and as provided by Section 71, Article XVI, Texas Constitution, to fund the program.(c)  Not more than an amount equal to five percent of the total amount of bonds issued may be used to pay administrative fees involved in selling the bonds.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.211 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.211. Texas Product Development Fund

Sec. 489.211.  TEXAS PRODUCT DEVELOPMENT FUND.  (a)  The Texas product development fund is a revolving fund in the state treasury.(b)  The product fund is composed of proceeds of bonds issued under this subchapter, financing application fees, loan repayments, guarantee fees, royalty receipts, dividend income, money appropriated by the legislature for authorized purposes of the product fund, amounts received by the state from loans, loan guarantees, and equity investments made under this subchapter, amounts received by the state from federal grants or other sources, amounts transferred from the original capital access fund under Section 481.415, and any other amounts received under this subchapter and required by the bank to be deposited in the product fund.  The product fund contains a program account, an interest and sinking account, and other accounts that the bank authorizes to be created and maintained.  Money in the product fund is available for use by the board under this subchapter.  Investment earnings under the product fund must be transferred to the fund created under Section 489.105.  Notwithstanding any other provision of this subchapter, any money in the product fund may be used for debt service.(c)  Money in the program account of the product fund, minus the costs of issuance of bonds under this subchapter and necessary costs of administering the product fund, may be used only to provide financing to aid in the development and production, including the commercialization, of new or improved products in this state.  The bank shall provide financing from the product fund on the terms and conditions that the bank determines to be reasonable, appropriate, and consistent with the purposes and objectives of the product fund and this subchapter, for the purpose of aiding in the development and production of new or improved products in this state.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1092 (H.B. 3578), Sec. 2, eff. September 1, 2013.Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 19, eff. June 18, 2021.|
TX Govt Code § 489.212 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.212. Small Business Incubator Fund

Sec. 489.212.  SMALL BUSINESS INCUBATOR FUND.  (a)  The Texas small business incubator fund is a revolving fund in the state treasury.(b)  The small business fund is composed of proceeds of bonds issued under this subchapter, financing application fees, loan repayments, guarantee fees, royalty receipts, dividend income, money appropriated by the legislature for authorized purposes of the small business fund, amounts received by the state from loans, loan guarantees, and equity investments made under this subchapter, amounts received by the state from federal grants or other sources, amounts transferred from the original capital access fund under Section 481.415, and any other amounts received under this subchapter and required by the bank to be deposited in the small business fund.  The small business fund contains a project account, an interest and sinking account, and other accounts that the bank authorizes to be created and maintained.  Money in the small business fund is available for use by the board under this subchapter.  Investment earnings under the small business fund must be transferred to the fund created under Section 489.105.  Notwithstanding any other provision of this subchapter, any money in the small business fund may be used for debt service.(c)  Money in the project account of the small business fund, minus the costs of issuance of bonds under this subchapter and necessary costs of administering the small business fund, may be used only to provide financing to foster and stimulate the development of small businesses in this state.  The bank shall provide financing from the small business fund on the terms and conditions that the bank determines to be reasonable, appropriate, and consistent with the purposes and objectives of the small business fund and this subchapter, for the purpose of fostering and stimulating the development of new or existing small businesses in this state.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1092 (H.B. 3578), Sec. 3, eff. September 1, 2013.Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 20, eff. June 18, 2021.|
TX Govt Code § 489.214 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.214. Application Process

Sec. 489.214.  APPLICATION PROCESS.  (a)  To apply for financing from the bank, an applicant shall submit to the bank:(1)  an application for financing on a form prescribed by the bank;  and(2)  a reasonable application fee set by the bank.(b)  The application must include a business plan containing the information required by the bank, including at a minimum:(1)  information regarding:(A)  the history and financial condition of the applicant, including the applicant's income statement;(B)  the applicant's present markets and market prospects;  and(C)  the integrity of the applicant's management;(2)  a statement of the feasibility of the product for which financing is requested, including the state of development of any product to be developed and the proposed schedule of its commercialization;  and(3)  if applicable, documentation of attempts to obtain private financing.(c)  The bank shall determine, with respect to each application for financing, whether:(1)  the product or business for which financing is requested is economically sound;(2)  there is a reasonable expectation that the product or business will be successful;(3)  the product or business will create or preserve jobs and otherwise benefit the economy of the state;(4)  the applicant has the management resources and other funding to complete the project;(5)  financing is necessary because full financing is unavailable in traditional capital markets or credit has been offered on terms that would preclude the success of the project;  and(6)  there is reasonable assurance that the potential revenues to be derived from the sale of the product will be sufficient to repay any financing approved by the bank.(d)  After considering the application and all other information it considers relevant, the bank shall approve or deny the application and promptly notify the applicant of its decision.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.215 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.215. Information Confidential

Sec. 489.215.  INFORMATION CONFIDENTIAL.  (a)  Information described by Subsection (b) collected, assembled, or maintained by or for the bank is confidential and may not be disclosed by the bank, the board, the office, or the executive director of the office.(b)  This section applies to information in any form provided by or on behalf of an applicant for financing or a recipient of financing under this subchapter, including information contained in, accompanying, or derived from any application or report, that relates to a product, to the development, application, manufacture, or use of a product, or to the markets, market prospects, or marketing of a product and that is proprietary information of actual or potential commercial value to the applicant or recipient that has not been disclosed to the public.  Confidential information includes scientific and technological information, including computer programs and software, and marketing and business operation information, regardless of whether the product to which the information relates is patentable or capable of being registered under copyright or trademark laws or has a potential for being sold, traded, or licensed for a fee.  This section does not make confidential information in an account, voucher, or contract relating to the receipt or expenditure of public funds by the bank, board, or the department or its successor under this subchapter.(c)  Any application for financing that is withdrawn by the applicant before approval or funding or that is denied by the bank shall be returned to the applicant promptly on request, together with all materials submitted by or on behalf of the applicant that relate to the application, except that the bank may retain a record of the submission and disposition of the application that does not include any information described by Subsection (b).|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.216 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.216. Program Coordination

Sec. 489.216.  PROGRAM COORDINATION.  The bank and the office shall coordinate the administration and funding of the programs.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.217 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter D. Product Development and Small Business Incubators|Section 489.217. Expenditures

Sec. 489.217.  EXPENDITURES.  All expenditures of the program must be approved on behalf of the state by the bank.  Expenses incurred by the program in the operation and administration of its programs and affairs, including expenditures for employees and program assistance or development, shall be paid out of fees collected or revenues generated under this subchapter.|Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.|
TX Govt Code § 489.251 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter E. Texas Small and Rural Community Success Fund|Section 489.251. Definition

Sec. 489.251.  DEFINITION.  In this subchapter, "fund" means the Texas small and rural community success fund established by Section 489.252.|Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.|
TX Govt Code § 489.252 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter E. Texas Small and Rural Community Success Fund|Section 489.252. Texas Small and Rural Community Success Fund

Sec. 489.252.  TEXAS SMALL AND RURAL COMMUNITY SUCCESS FUND.  (a)  The Texas small and rural community success fund is created as a trust fund held outside the state treasury by the comptroller as trustee.  The comptroller shall hold money in the fund in escrow and in trust for and on behalf of the bank and the owners of bonds issued under Section 489.253.(b)  The fund consists of:(1)  proceeds from the issuance of bonds under Section 489.253;(2)  payments of principal and interest on loans made under this subchapter;(3)  loan origination fees imposed on loans made under this subchapter;(4)  investment earnings described by Subsection (e); and(5)  any other money received by the bank under this subchapter.(c)  The fund may be used only:(1)  to make loans to economic development corporations for eligible projects as authorized by Chapters 501, 504, and 505, Local Government Code;(2)  to pay the bank's necessary and reasonable costs of administering the program established by this subchapter, including the payment of letter of credit fees and credit rating fees;(3)  to pay the principal of and interest on bonds issued under Section 489.253;(4)  to pay reasonable fees and other costs incurred by the bank in administering the fund; and(5)  for any other purpose authorized by this subchapter.(d)  The bank, in coordination with the comptroller, may provide for the establishment and maintenance of separate accounts or sub-accounts in the fund, including interest and sinking accounts, reserve accounts, program accounts, or other accounts.  The accounts and sub-accounts must be kept and held in escrow and in trust as provided by Subsection (a).(e)  Pending use, the comptroller may invest and reinvest the money in the fund in investments authorized by law for state funds.  Earnings on the investments shall be credited to the fund.(f)  The bank may use money in the fund for the purposes specified by and according to the procedures established by this subchapter.  This state may take action with respect to the fund only as specified by this subchapter and only in accordance with the resolutions of the executive director of the office adopted under Section 489.253.|Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.|
TX Govt Code § 489.254 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 489 - Texas Economic Development Bank|Subchapter E. Texas Small and Rural Community Success Fund|Section 489.254. Bond Sale and Issuance

Sec. 489.254.  BOND SALE AND ISSUANCE.  (a)  Bonds issued under Section 489.253 may be sold at public or private sale at a price and in a manner and from time to time as resolutions of the executive director of the office that authorize issuance of the bonds provide.(b)  From the proceeds of the sale of the bonds, the bank may pay expenses, premiums, and insurance premiums that the bank considers necessary or advantageous in connection with the authorization, sale, and issuance of the bonds.(c)  In connection with the issuance of its bonds, the bank may exercise the powers granted to the governing body of an issuer in connection with the issuance of obligations under Chapter 1371.  However, any bonds issued in accordance with this subchapter and Chapter 1371 are not subject to the rating requirement for an obligation issued under Chapter 1371.|Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.|