reglab/housing_qa huggingface dataset:
TX Agric Code § 58.039 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter D. Bonds|Section 58.039. Review Board

Sec. 58.039.  REVIEW BOARD.  (a)  The bond review board is composed of:(1)  the governor;(2)  the lieutenant governor;(3)  the speaker of the house of representatives; and(4)  the comptroller of public accounts.(b)  The governor is chairman of the review board.(c)  Bonds may not be issued under this chapter, and proceeds of bonds under this chapter may not be used to finance a program unless the issuance or program, as applicable, has been reviewed and approved by the review board.(d)  The review board may adopt rules governing application for review, the review process, and reporting requirements.(e)  A member of the review board may not be held liable for damages resulting from the performance of the members' functions under this chapter.|Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 2, Sec. 1, eff. Oct. 20, 1987.  Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 2.07, eff. Sept. 1, 1997.Added by Acts 1989, 71st Leg., ch. 1247, Sec. 1, eff. Sept. 1, 1989.Reenacted and amended by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 2.002, eff. September 1, 2009.|
TX Agric Code § 58.040 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter D. Bonds|Section 58.040. Considerations in Financing

Sec. 58.040.  CONSIDERATIONS IN FINANCING.  In determining whether to provide financing under this chapter, the board shall consider the likelihood of success of the applicant and the effect of the financing on job creation and retention in the state.  The board shall give preference to applicants who are Texas residents doing business in the state, and then to applicants who can demonstrate that the financed activities will take place predominantly in this state.|Added by Acts 1989, 71st Leg., ch. 455, Sec. 10, eff. Aug. 28, 1989.|
TX Agric Code § 58.051 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter E. Agricultural Loan Guarantee Program|Section 58.051. Definitions

Sec. 58.051.  DEFINITIONS.  In this subchapter:(1)  "Commercial lender" means a commercial lending institution chartered by the state or federal government, including a savings and loan association, a credit union, or a Farm Credit System institution.(2)  "Eligible applicant" means a person applying for a loan guarantee under this subchapter who  complies with the application procedures prescribed by this subchapter.(3)  "Plan" means the documentation submitted to the lender in support of the application.|Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.11, eff. September 1, 2009.|
TX Agric Code § 58.052 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter E. Agricultural Loan Guarantee Program|Section 58.052. Agricultural Loan Guarantee Program

Sec. 58.052.  AGRICULTURAL LOAN GUARANTEE PROGRAM.  (a)  The board shall administer a loan guarantee program that benefits eligible applicants who desire to establish or enhance a farming or ranching operation or an agriculture-related business.(b)  The board, either directly or through authority delegated to the commissioner, may grant to an eligible applicant a guarantee of a loan made by a commercial lender for the purposes prescribed by this subchapter.  The board by rule shall establish tiered loan guarantee limits.  To be eligible to be guaranteed under this subchapter, a loan with a term of more than one year must have a fixed interest rate.(c)  The amount that may be used to guarantee loans under this subchapter may not exceed three times the amount contained in the Texas agricultural fund.(d)  A loan guarantee recipient may use proceeds from the loan for working capital for operating a farm or ranch, including the lease of facilities and the purchase of machinery and equipment, or for any agriculture-related business purpose, including the purchase of real estate, as identified in the plan.  A loan guarantee is voidable by the board if the recipient uses loan proceeds for any purposes other than those identified in the plan.  The board shall include this restriction as a condition in each loan guarantee instrument executed under this subchapter.(e)  The board shall adopt an agreement, to be used between a commercial lender and an approved eligible applicant, under which the program provides a payment from money in the Texas agricultural fund for the purpose of providing a reduced interest rate on a loan guaranteed to a borrower under this subchapter.  The board shall adopt rules to implement this subsection.  The maximum rate reduction under this subsection per year for each borrower may not exceed three percentage points or an amount that results in $10,000 in interest savings for the borrower for the year.(f)  The board by rule shall establish a certified lender program under which the board may certify commercial lenders to participate in the agricultural loan guarantee program in order to expedite the processing of loan guarantee applications by the board.|Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.12, eff. September 1, 2009.Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.13, eff. September 1, 2009.Acts 2015, 84th Leg., R.S., Ch. 868 (H.B. 2350), Sec. 1, eff. September 1, 2015.|
TX Agric Code § 58.053 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter E. Agricultural Loan Guarantee Program|Section 58.053. Application for Loan Guarantee

Sec. 58.053.  APPLICATION FOR LOAN GUARANTEE.  (a)  An eligible applicant's documentation shall include the following for the board's review:(1)  the plan, as submitted to the lender, for the applicant's proposed farm or ranch operation or agriculture-related business to be financed that includes a budget for the proposed operation;(2)  a completed application for a loan from a commercial lender on which an eligible applicant has indicated how the loan proceeds will be used to implement the applicant's plan; and(3)  the signed statement of a loan officer of the commercial lender that a loan guarantee is requested for approval of the loan application.(b)  The board may charge a reasonable application fee for processing an application filed under this section.|Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1197 (S.B. 1214), Sec. 6, eff. June 14, 2013.|
TX Agric Code § 58.054 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter E. Agricultural Loan Guarantee Program|Section 58.054. Board Consideration of Loan Guarantee Application

Sec. 58.054.  BOARD CONSIDERATION OF LOAN GUARANTEE APPLICATION.  After reviewing the material submitted under Section 58.053, the board shall consider the following factors in deciding whether to approve an application for a loan guarantee:(1)  the anticipated benefits from granting a loan guarantee to the applicant, including both potential job creation and commercial benefits to the agricultural industry;(2)  the applicant's qualifications;(3)  the feasibility of the applicant's plan;  and(4)  other repayment sources available to the applicant.|Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999.|
TX Agric Code § 58.055 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter E. Agricultural Loan Guarantee Program|Section 58.055. Default

Sec. 58.055.  DEFAULT.  If the recipient of a loan guarantee defaults on a loan that is guaranteed under this subchapter and the authority is required to honor its guarantee, the authority, through its representative, may bring suit against the defaulting party.  Any suit brought by the authority under this section may have venue in Travis County.|Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999.|
TX Agric Code § 58.056 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter E. Agricultural Loan Guarantee Program|Section 58.056. Money for Loan Guarantee Program

Sec. 58.056.  MONEY FOR LOAN GUARANTEE PROGRAM.  The authority may accept gifts and grants of money from the federal government, local governments, private corporations, or other persons for use in the agricultural loan guarantee program.  The legislature may appropriate money for the program.|Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.14, eff. September 1, 2009.|
TX Agric Code § 58.071 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter F. Young Farmer Interest Rate Reduction Program|Section 58.071. Definitions

Sec. 58.071.  DEFINITIONS.  In this subchapter:(1)  "Eligible lending institution" means a financial institution that makes commercial loans, is either a depository of state funds or an institution of the Farm Credit System headquartered in this state, and agrees to participate in the young farmer interest rate reduction program and to provide collateral equal to the amount of linked deposits placed with it.(2)  "Linked deposit" means a time deposit governed by a written deposit agreement between the state and an eligible lending institution that provides:(A)  that the eligible lending institution pay interest on the deposit at a rate that is not less than the greater of:(i)  the current market rate of a United States treasury bill or note of comparable maturity minus three percent; or(ii)  0.5 percent;(B)  that the state not withdraw any part of the deposit before the expiration of a period set by a written advance notice of the intention to withdraw; and(C)  that the eligible lending institution agree to lend the value of the deposit to an eligible borrower at a maximum rate that is the linked deposit rate plus a maximum of four percent.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.16, eff. September 1, 2009.|
TX Agric Code § 58.073 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter F. Young Farmer Interest Rate Reduction Program|Section 58.073. Compliance

Sec. 58.073.  COMPLIANCE.  (a)  On accepting a linked deposit, an eligible lending institution must loan money to eligible applicants in accordance with the deposit agreement and this subchapter.  The eligible lending institution shall forward a compliance report to the board.(b)  The board shall monitor compliance with this subchapter and inform the comptroller of noncompliance on the part of an eligible lending institution.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.16, eff. September 1, 2009.|
TX Agric Code § 58.074 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter F. Young Farmer Interest Rate Reduction Program|Section 58.074. State Liability Prohibited

Sec. 58.074.  STATE LIABILITY PROHIBITED.  The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made under this subchapter.  A delay in payment or default on a loan by a borrower does not affect the validity of the deposit agreement.  Linked deposits are not an extension of the state's credit within the meaning of any state constitutional prohibition.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.16, eff. September 1, 2009.|
TX Agric Code § 58.075 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter F. Young Farmer Interest Rate Reduction Program|Section 58.075. Limitations in Program

Sec. 58.075.  LIMITATIONS IN PROGRAM.  (a)  The maximum amount of a loan under this subchapter is $500,000.(b)  A loan granted under this subchapter may be used for any agriculture-related operating expense, including the purchase or lease of land or fixed assets acquisition or improvement, as identified in the application.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.16, eff. September 1, 2009.|
TX Agric Code § 58.091 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter G. Young Farmer Grant Program|Section 58.091. Grant Program

Sec. 58.091.  GRANT PROGRAM.  (a)  The authority shall administer a young farmer grant program.  A grant must be for the purpose of fostering the creation and expansion of agricultural businesses by young people in this state.(b)  The board shall adopt rules governing the operation of the program and selection criteria for grant recipients.(c)  The board shall select grant recipients.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.17, eff. September 1, 2009.|
TX Agric Code § 58.092 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter G. Young Farmer Grant Program|Section 58.092. Eligibility

Sec. 58.092.  ELIGIBILITY.  To be eligible to receive a grant under this subchapter, a person must:(1)  be an agricultural producer who is at least 18 years of age but younger than 46 years of age; and(2)  provide matching funds in the amount of not less than one dollar for each dollar of grant money received.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.17, eff. September 1, 2009.|
TX Agric Code § 58.093 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter G. Young Farmer Grant Program|Section 58.093. Amount of Grants

Sec. 58.093.  AMOUNT OF GRANTS.  A grant under the young farmer grant program may not be less than $5,000 or more than $20,000.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.17, eff. September 1, 2009.|
TX Agric Code § 58.094 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter G. Young Farmer Grant Program|Section 58.094. Applications

Sec. 58.094.  APPLICATIONS.  (a)  The authority shall accept grant applications during two application periods each year.(b)  Applicants shall submit an application on a form approved by the board or the board's designee.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.17, eff. September 1, 2009.|
TX Agric Code § 58.095 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 58 - Agricultural Finance Authority|Subchapter G. Young Farmer Grant Program|Section 58.095. Funding

Sec. 58.095.  FUNDING.  The source of funds for the young farmer grant program is the Texas agricultural fund.|Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.17, eff. September 1, 2009.|
TX Agric Code § 59.001 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter A. General Provisions|Section 59.001. Definitions

Sec. 59.001.  DEFINITIONS.  In this chapter:(1)  "Authority" means the Texas Agricultural Finance Authority created by Chapter 58 of this code.(2)  "Board" means the board of directors of the authority.(3)  "Bond" means a general obligation bond, certificate, note, or other obligation issued or incurred by the authority under this chapter as provided by Article III, Section 49-f, of the Texas Constitution.(4)  "Commissioner" means the commissioner of agriculture.(5)  "Fund" means the farm and ranch finance program fund.(6)  "Program" means the farm and ranch finance program.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 3, eff. Jan. 1, 1996.|
TX Agric Code § 59.002 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter A. General Provisions|Section 59.002. Duties

Sec. 59.002.  DUTIES.  (a)  The authority shall administer the program.(b)  The board shall administer the fund.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 4, eff. Jan. 1, 1996.|
TX Agric Code § 59.003 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter A. General Provisions|Section 59.003. Limited Immunity From Suit or Liability

Sec. 59.003.  LIMITED IMMUNITY FROM SUIT OR LIABILITY.  A member of the board may be sued and held personally liable for damages that result from an official act or omission only if the act or omission is corrupt or malicious.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 5, eff. Jan. 1, 1996.|
TX Agric Code § 59.011 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter B. Bonds|Section 59.011. Bonds

Sec. 59.011.  BONDS.  (a)  The board may provide by order or resolution for the issuance and sale of negotiable bonds authorized by Article III, Section 49-f, of the Texas Constitution.  The proceeds from the sale of the bonds constitute the fund.(b)  Subchapter D, Chapter 58, as it relates to the issuance, sale, and refunding of bonds, applies to the board's issuance, sale, and refunding of bonds under this chapter to finance the fund.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 6, eff. Jan. 1, 1996.|
TX Agric Code § 59.012 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter B. Bonds|Section 59.012. Disposition of Bond Proceeds

Sec. 59.012.  DISPOSITION OF BOND PROCEEDS.   Text of subsec. (a) as amended by Acts 1995, 74th Leg., ch. 858, Sec. 1 (a)  Except as provided by Subsection (b) of this section, proceeds from the sale of the bonds, other than refunding bonds, shall be deposited in the state treasury to the credit of the fund. Text of subsec. (a) as amended by Acts 1995, 74th Leg., ch. 1014, Sec. 7 (a)  Except as provided by Subsections (b), (c), and (d) of this section, proceeds from the sale of the bonds, other than refunding bonds, shall be deposited in the state treasury to the credit of the fund.(b)  The board may provide for transferring to the interest and sinking account from the proceeds of the sale of bonds or from the available money in the fund directly an amount that, together with the accrued interest received, is sufficient to pay interest becoming due during the fiscal year in which the bonds are sold and to establish appropriate reserves.(c)  The board may provide from the proceeds of the sale of bonds or from available money in the fund an amount that is reasonable and necessary to cover the costs of administering the program. (d)  The board shall deposit the proceeds from the sale of bonds, as authorized by the Texas Constitution, into the Texas agricultural fund, to be administered as provided by Chapter 58 of this code.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 858, Sec. 1, eff. Sept. 1, 1995;  Acts 1995, 74th Leg., ch. 1014, Sec. 7, eff. Jan. 1, 1996.|
TX Agric Code § 59.013 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter B. Bonds|Section 59.013. Payment of Principal and Interest

Sec. 59.013.  PAYMENT OF PRINCIPAL AND INTEREST.  The board shall arrange for payment of the principal of bonds as they mature and the interest on the bonds as it becomes payable.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 8, eff. Jan. 1, 1996.|
TX Agric Code § 59.014 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter B. Bonds|Section 59.014. Approval by Attorney General

Sec. 59.014.  APPROVAL BY ATTORNEY GENERAL.  Before the bonds are delivered to the purchasers, the attorney general shall examine the record relating to the bonds.  If the record demonstrates that the bonds have been issued in accordance with the Texas Constitution and this chapter, the attorney general shall approve the bonds.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.|
TX Agric Code § 59.015 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter B. Bonds|Section 59.015. Use of Fund to Pay Costs of Issuance and Debt Service

Sec. 59.015.  USE OF FUND TO PAY COSTS OF ISSUANCE AND DEBT SERVICE.  (a)  The board may use money in the fund attributable to the issuance and sale of bonds to pay:(1)  legal fees and fees for financial advice the board finds necessary for the sale of bonds;(2)  the expense of publishing notice of sale of an installment of bonds;(3)  the expense of printing the bonds;(4)  the expense of issuing the bonds, including the actual costs of travel, lodging, and meals of officers, members, or employees of the board, directors or employees of the authority, the comptroller, or the attorney general that the board finds necessary to implement the issuance, rating, or delivery of the bonds;(5)  the cost of manually signing the bonds;(6)  remuneration to any agent employed by the board to pay the principal of and interest on the bonds;(7)  any amount required to be paid to maintain the federal tax exemption of interest on the bonds;  or(8)  any other cost, fee, or expense relating to the issuance of the bonds.(b)  If, during the existence of the fund or during the period any bonds are payable from the fund, the board determines that there will not be sufficient money in the fund during the following fiscal year to pay the principal of or interest on the bonds that is to come due during the following fiscal year, the comptroller shall transfer to the fund from the first money coming into the state treasury not otherwise appropriated by the constitution an amount sufficient to pay the obligations.(c)  The money transferred to the fund under Subsection (b) of this section shall be used to pay the obligations only if at the time the principal or interest becomes due there is not sufficient money in the fund to pay the amount due.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 9, eff. Jan. 1, 1996;  Acts 1997, 75th Leg., ch. 1423, Sec. 2.08, eff. Sept. 1, 1997.|
TX Agric Code § 59.016 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 59 - Farm and Ranch Finance Program|Subchapter B. Bonds|Section 59.016. Investments

Text of section as amended by Acts 1995, 74th Leg., ch. 1014, Sec. 10Sec. 59.016.  INVESTMENTS.  The board shall invest funds as provided under Section 58.022.|Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 1014, Sec. 10, eff. Jan. 1, 1996.|