reglab/housing_qa huggingface dataset:
TX Govt Code § 481.453 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Micro-Business Disaster Recovery Program|Section 481.453. Powers of Bank in Administering Micro-Business Recovery Fund

Sec. 481.453.  POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS RECOVERY FUND.  In administering the fund, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to:(1)  make, execute, and deliver contracts, conveyances, and other instruments necessary to the exercise of its powers;(2)  invest money at the bank's discretion in obligations determined proper by the bank, and select and use depositories for its money;(3)  employ personnel and counsel and pay those persons from money in the fund legally available for that purpose; and(4)  impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payment of fees or charges.|Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.|
TX Govt Code § 481.454 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Micro-Business Disaster Recovery Program|Section 481.454. Establishment of Loan Program; Purpose

Sec. 481.454.  ESTABLISHMENT OF LOAN PROGRAM; PURPOSE.  (a)  The bank shall establish and administer a revolving loan program as provided by this subchapter.(b)  The program shall expand access to capital for qualifying micro-businesses to create jobs in this state and constitutes a capital access program under Subchapter BB.|Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.|
TX Govt Code § 481.455 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Micro-Business Disaster Recovery Program|Section 481.455. Program Administration

Sec. 481.455.  PROGRAM ADMINISTRATION.  (a)  The bank, under the program, shall provide zero interest loans to eligible community development financial institutions for purposes of making interest-bearing loans to qualifying micro-businesses that have difficulty in accessing capital following a declared disaster.(b)  A loan made by an eligible community development financial institution under the program:(1)  must be made to a micro-business that:(A)  is in good standing under the laws of this state; and(B)  did not owe delinquent taxes to a taxing unit of this state before the date of the initial issuance of the disaster declaration;(2)  may not be made to a micro-business that:(A)  has total revenue that exceeds the amount for which no franchise tax is due under Section 171.002(d)(2), Tax Code;(B)  is a franchise;(C)  is a national chain with operations in this state;(D)  is a lobbying firm; or(E)  is a private equity firm or backed by a private equity firm; and(3)  must meet any other criteria provided by this subchapter.(c)  Payments on micro-business disaster recovery loans shall be made directly to the lending community development financial institutions.(d)  All income received on a loan made by a community development financial institution participating in the program is the property of the financial institution.  Income received on a loan includes the payment of interest by a borrower micro-business and the administrative fees assessed by the community development financial institution.(e)  A community development financial institution participating in the program shall make payments to the bank on the zero interest loans borrowed by the financial institution under the program quarterly, and the bank or this state is not responsible or liable for any defaults in micro-business disaster recovery loans made by the community development financial institution.|Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.|
TX Govt Code § 481.456 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Micro-Business Disaster Recovery Program|Section 481.456. Rulemaking

Sec. 481.456.  RULEMAKING.  The executive director shall adopt rules relating to the implementation of the program and any other rules necessary to accomplish the purposes of this subchapter, including rules that provide criteria under which community development financial institutions may qualify for the program.|Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.|
TX Govt Code § 481.457 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Micro-Business Disaster Recovery Program|Section 481.457. Oversight

Sec. 481.457.  OVERSIGHT.  (a)  A community development financial institution participating in the program shall report quarterly to the bank:(1)  the names of micro-businesses that have received a disaster recovery loan;(2)  the current balance of all outstanding disaster recovery loans;(3)  the default rate on existing disaster recovery loans; and(4)  any other information the bank requires.(b)  A community development financial institution participating in the program shall prepare a detailed financial statement each quarter and provide a copy to the bank.(c)  A community development financial institution shall allow the bank to inspect the institution's financial records on request for purposes that relate to loans under the program.|Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.|
TX Govt Code § 481.458 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Micro-Business Disaster Recovery Program|Section 481.458. Program Annual Status Report

Sec. 481.458.  PROGRAM ANNUAL STATUS REPORT.  The bank shall prepare an annual status report on the program.  The office shall include a summary of the report in the report to the legislature required by Section 489.107.|Added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.|Subchapter CC, consisting of Secs. 481.601 to 481.609, was added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1.For another Subchapter CC, consisting of Secs. 481.451 to 481.458, added by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, see Sec. 481.451 et seq., post.
TX Govt Code § 481.601 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.601. Definitions

Sec. 481.601.  DEFINITIONS.  In this subchapter:(1)  "Disaster declaration" means a declaration by the governor of a state of disaster under Section 418.014.(2)  "Fund" means the small business disaster recovery revolving fund created under Section 481.606.(3)  "Small business" has the meaning assigned by Section 481.401.(4)  "Trust company" means the Texas Treasury Safekeeping Trust Company.|Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 481.602 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.602. Small Business Disaster Recovery Loan Program

Sec. 481.602.  SMALL BUSINESS DISASTER RECOVERY LOAN PROGRAM.  (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.|
TX Govt Code § 481.603 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.603. Eligibility for Loan

Sec. 481.603.  ELIGIBILITY FOR LOAN.  The office by rule shall establish the eligibility requirements for a loan to a small business under this subchapter.  The requirements must include that the small business:(1)  is in good standing under the laws of this state;(2)  does not owe delinquent taxes to a taxing unit of this state;(3)  has suffered physical damage or economic injury as a result of the event leading to the disaster declaration; and(4)  has paid in full any previous loans received under this subchapter.|Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 481.604 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.604. Uses of Loan

Sec. 481.604.  USES OF LOAN.  An eligible small business may only use a loan received under this subchapter to pay the small business's payroll costs, including costs related to the continuation of health care benefits for the small business's employees.|Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 481.605 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.605. Application for Loan

Sec. 481.605.  APPLICATION FOR LOAN.  The office shall develop and implement an application process for an eligible small business to receive a loan under this subchapter.|Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 481.606 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.606. Small Business Disaster Recovery Revolving Fund

Sec. 481.606.  SMALL BUSINESS DISASTER RECOVERY REVOLVING FUND.  (a)  The small business disaster recovery revolving fund is a special fund outside the state treasury to be used by the office, without further legislative appropriation, for the purpose of providing financial assistance to small businesses in response to a disaster declaration as provided by this subchapter.  The office shall administer the fund.  The office may establish separate accounts in the fund.  The fund and the fund's accounts are kept and held by the trust company in escrow and in trust for and in the name of the office.  The office has legal title to money and investments in the fund until money is disbursed from the fund as provided by this subchapter and office rules.(b)  Money deposited to the credit of the fund may be used only as provided by this subchapter.(c)  The fund consists of:(1)  money transferred or deposited to the credit of the fund by law, including money from any source transferred or deposited to the credit of the fund at the office's discretion as authorized by law;(2)  the proceeds of any fee or tax imposed by this state that by statute is dedicated for deposit to the credit of the fund;(3)  any other revenue that the legislature by statute dedicates for deposit to the credit of the fund; and(4)  investment earnings and interest earned on amounts credited to the fund.|Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 481.607 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.607. Management and Investment of Fund

Sec. 481.607.  MANAGEMENT AND INVESTMENT OF FUND.  (a)  The trust company shall hold and invest the fund, and any accounts established in the fund, for and in the name of the office, taking into account the purposes for which money in the fund may be used.  The fund may be co-invested with the state treasury pool.(b)  The overall objective for the investment of the fund is to maintain sufficient liquidity to meet the needs of the fund while striving to preserve the purchasing power of the fund.  It is the intent of the legislature that the fund remain available in perpetuity for the purposes of this subchapter.(c)  The trust company has any power necessary to accomplish the purposes of managing and investing the assets of the fund.  In managing the assets of the fund, through procedures and subject to restrictions the trust company considers appropriate, the trust company may acquire, exchange, sell, supervise, manage, or retain any kind of investment that a prudent investor, exercising reasonable care, skill, and caution, would acquire or retain in light of the purposes, terms, distribution requirements, and other circumstances of the fund then prevailing, taking into consideration the investment of all the assets of the fund rather than a single investment.(d)  The trust company may recover the costs incurred in managing and investing the fund only from the earnings of the fund.(e)  The trust company annually shall report to the office with respect to the investment of the fund.  The trust company shall contract with a certified public accountant to conduct an independent audit of the fund annually and shall present the results of each annual audit to the office.  This subsection does not affect the state auditor's authority to conduct an audit of the fund under Chapter 321.(f)  The trust company shall adopt an investment policy that is appropriate for the fund.  The trust company shall present the investment policy to the investment advisory board established under Section 404.028.  The investment advisory board shall submit to the trust company recommendations regarding the policy.(g)  The office annually shall provide to the trust company a forecast of the cash flows into and out of the fund.  The office shall provide updates to the forecasts as appropriate to ensure that the trust company is able to achieve the objective specified by Subsection (b).(h)  The trust company shall disburse money from the fund as directed by the office.|Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 481.608 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.608. Rules

Sec. 481.608.  RULES.  The office shall adopt rules necessary to implement this subchapter.|Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 481.609 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter CC. Small Business Disaster Recovery Loan Program|Section 481.609. Report

Sec. 481.609.  REPORT.  Not later than December 1 of each even-numbered year, the office shall prepare and submit to the governor, the lieutenant governor, and each member of the legislature a report that includes:(1)  the balance of the fund as of the date of the report;(2)  the total dollar amount of disbursements from the fund during the two-year period preceding that date; and(3)  a general description of each small business for which an applicant was awarded a loan from the fund during the two-year period preceding that date.|Added by Acts 2021, 87th Leg., R.S., Ch. 847 (S.B. 678), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 481.501 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter DD. Defense Community Assistance|Section 481.501. Definitions

Sec. 481.501.  DEFINITIONS.  In this subchapter:(1)  "Defense base" means a federally owned or operated military installation, facility, or mission that is functioning on June 1, 2003.(2)  "Defense community" means a political subdivision, including a municipality, county, defense base development authority, or special district, that is adjacent to, is near, or encompasses any part of a defense base.(3)  Repealed by Acts 2009, 81st Leg., R.S., Ch. 43, Sec. 22(6), eff. September 1, 2009.|Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546), Sec. 22(6), eff. September 1, 2009.|
TX Govt Code § 481.502 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter DD. Defense Community Assistance|Section 481.502. Financial Assistance

Sec. 481.502.  FINANCIAL ASSISTANCE.  (a)  The office and the Texas Military Preparedness Commission shall assist defense communities in obtaining financing for economic development projects that seek to address future realignment or closure of a defense base that is in, adjacent to, or near the defense community.  The office shall refer the defense community to:(1)  a local economic development corporation created under the Development Corporation Act (Subtitle C1, Title 12, Local Government Code) for possible financing; or(2)  an appropriate state agency that has an existing program to provide financing for the project, including:(A)  the Texas Water Development Board; or(B)  the Texas Department of Transportation.(b)  A state agency making a loan to a defense community under this section shall evaluate the project and determine whether the project may be financed through the agency's program.  The state agency has sole discretion on whether to finance the project.(c)  Expired.|Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.07, eff. April 1, 2009.Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546), Sec. 16, eff. September 1, 2009.Acts 2015, 84th Leg., R.S., Ch. 330 (S.B. 1358), Sec. 14, eff. September 1, 2015.|
TX Govt Code § 481.503 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter DD. Defense Community Assistance|Section 481.503. Memorandum of Understanding

Sec. 481.503.  MEMORANDUM OF UNDERSTANDING.  The office shall enter into a memorandum of understanding with each state agency that has a program to fund economic development projects for defense communities.  The memorandum of understanding shall include each agency's responsibilities in granting and administering a loan to a defense community.|Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.|
TX Govt Code § 481.504 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 481 - Texas Economic Development and Tourism Office|Subchapter DD. Defense Community Assistance|Section 481.504. Security for Loans

Sec. 481.504.  SECURITY FOR LOANS.  In addition to any other security provided by law, if a defense community defaults on a loan, a state agency making a loan to the defense community for a project described by Section 481.502(a) may foreclose under a loan agreement in the manner provided by law for foreclosure and liquidate any collateral provided under the loan agreement to recover any outstanding debt.|Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.|
TX Govt Code § 485.001 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 485 - Music, Film, Television, and Multimedia Industries|Subchapter A. General Provisions|Section 485.001. Definitions

Sec. 485.001.  DEFINITIONS.  In this chapter, "office" means the Music, Film, Television, and Multimedia Office.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 11, Sec. 29, eff. Sept. 1, 1991.|
TX Govt Code § 485.002 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 485 - Music, Film, Television, and Multimedia Industries|Subchapter A. General Provisions|Section 485.002. Establishment

Sec. 485.002.  ESTABLISHMENT.  The Music, Film, Television, and Multimedia Office is established in the office of the governor.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 11, Sec. 29, eff. Sept. 1, 1991.|
TX Govt Code § 485.003 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 485 - Music, Film, Television, and Multimedia Industries|Subchapter A. General Provisions|Section 485.003. Director; Staff

Sec. 485.003.  DIRECTOR;  STAFF.  The governor may employ a director who may employ other employees necessary to carry out the office's duties.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 11, Sec. 29, eff. Sept. 1, 1991.|
TX Govt Code § 485.004 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 485 - Music, Film, Television, and Multimedia Industries|Subchapter A. General Provisions|Section 485.004. Promotion; Duties

Sec. 485.004.  PROMOTION;  DUTIES.  (a)  The office shall promote the development of the music industry in the state by informing members of that industry and the public about the resources available in the state for music production.(b)  The office shall promote the development of the film, television, and multimedia industries in this state by informing members of those industries and the public of the resources available in this state for film, television, and multimedia production.(c)  State agencies and political subdivisions of this state shall cooperate with the office to the greatest extent possible to fully implement the goal of promoting the development of the music, film, television, and multimedia industries in this state.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 11, Sec. 29, eff. Sept. 1, 1991.|
TX Govt Code § 485.005 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle F - Commerce and Industrial Development|Chapter 485 - Music, Film, Television, and Multimedia Industries|Subchapter A. General Provisions|Section 485.005. Advisors

Sec. 485.005.  ADVISORS.  (a)  The office may appoint advisors to assist in the administration of this chapter.(b)  An advisor serves without compensation but is entitled to necessary and actual expenses incurred in performing duties under this chapter.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 11, Sec. 29, eff. Sept. 1, 1991.|