SECTION 29.24. Capital for Texas Program for Initial Loans Using SSBCI Funds

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(a) The Capital for Texas Program is continued by the Department for all initial loans made with SSBCI Funds.
(b) The Act, Compliance Standards and Policy Guidelines for all initial loans made with SSBCI Funds.
(c) All terms and conditions of Agreements entered into between the Department and CDFIs in the administration of the Capital for Texas Program continue to apply to the Department and CDFIs until those Agreements expire or are terminated according to their terms.
(d) The purpose of these rules is to ensure the continued administration and orderly conclusion of the Capital for Texas Program, and to establish regulations for the recycling of SSBCI funds generated from loan repayments under this program.

Source Note: The provisions of this §29.24 adopted to be effective December 29, 2020, 45 TexReg 9409

                    
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