SECTION 6.31. Department Action

(a) Review of application. The department will review an application submitted under Subchapter C of this chapter (relating to Procedures) and advise the applicant of any required information or data that is missing. When the application is complete, the department will so notify the applicant.

(b) Analysis. The executive director will perform an analysis of the application and prepare findings and recommendations for the commission as soon as practicable in accordance with this chapter and commission policies.

(c) Submission to commission. The executive director will submit the application together with findings and recommendations to the commission for consideration as soon as practicable in accordance with this chapter and commission policies.

(d) Notice. The executive director shall develop guidelines and post information on the department's website regarding the amount of available funds, any limitations on the amount of funds available for various applicants or types of projects, application deadlines, and any other information that the executive director considers necessary for the administration of the bank in accordance with this chapter and the commission's direction to assure that bank funds will be available as needs arise for financial assistance to various applicants for various types of projects.

Source Note: The provisions of this §6.31 adopted to be effective January 8, 1998, 23 TexReg 151; amended to be effective October 21, 2010, 35 TexReg 9361; amended to be effective June 21, 2012, 37 TexReg 4433; amended to be effective July 20, 2016, 41 TexReg 5245