- (a) Funds Commitment. If the project is approved by the Commission, funds become committed to the awardee subject to the sale of the general obligation bonds by the state.
- (b) Letter of Commitment. The applicant will be required to submit a letter of commitment after the final approval of the project by the Commission.
- (c) Upon sale of state-issued bonds, funds are disbursed to the awardee by the Comptroller of Public Accounts.
Source Note:The provisions of this §4.5 adopted to be effective October 10, 2010, 35 TexReg 9077; amended to be effective January 28, 2016, 41 TexReg 681.