The department may not approve a housing rehabilitation loan unless it finds that:

1. (1) the benefit to an area designated under Section 2304.041 will exceed the financial commitment of the department; and
2. (2) the approval of the loan will be of benefit to the state and its taxpayers.

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.