- (a) The commission by rule shall establish a revolving loan program to use money from the fund to finance qualified projects for navigation districts.
(b) To be a qualified project, a project must:
- (1) deepen or widen a ship channel;
- (2) be authorized by the United States Congress; and
- (3) meet any other standards provided by commission rule.
- (c) A project for maintenance dredging is not a qualified project under this section.
Added by Acts 2017, 85th Leg., R.S., Ch. 180 (S.B. 28), Sec. 4, eff. May 26, 2017.