Texas Administrative Code (Last Updated: February 21,2024) |
TITLE 4. AGRICULTURE |
PART 1. TEXAS DEPARTMENT OF AGRICULTURE |
CHAPTER 29. ECONOMIC DEVELOPMENT |
SUBCHAPTER B. RURAL ECONOMIC DEVELOPMENT CAPITAL FOR TEXAS PROGRAM |
SECTION 29.28. Criteria for a RED C4T Investment
Latest version.
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In evaluating and selecting applications for an investment under this program, the Department shall consider:
(1) The anticipated benefits arising from the investment to the applicant, including both the potential impact on agricultural development and rural economic development; (2) The qualifications of the applicant; (3) The ability of the applicant to leverage its own funds with RED C4T funds to ensure RED C4T funds are mobilized; (4) The applicant's ability to administer RED C4T funds; (5) The extent and level of other funding sources for the applicant; (6) The applicant's ability to meet the program's objectives including current and previous success in supporting agricultural development and/or rural economic development; and (7) The applicant's present involvement with related local organizations. Source Note: The provisions of this §29.28 adopted to be effective December 29, 2020, 45 TexReg 9409