- (a) Amount. The minimum amount of a loan will be $500,000 while the maximum amount of a loan will be determined by the availability of funds and the creditworthiness of the applicant.
- (b) Percentage. The state may provide up to 100% of the cost of the described project, dependent upon the creditworthiness of the applicant.
- (c) Certification. Defense Dependent Communities are encouraged to acquire financial assistance for eligible development projects from a variety of sources, including federal, state, local and private/public foundations. The Chief Executive Officer or the Chief Financial Officer of the Defense Dependent Community making application shall provide certification demonstrating reasonable local community efforts to acquire funding from other sources when the state is the only other financial partner.
Source Note:The provisions of this §4.7 adopted to be effective June 22, 2004, 29 TexReg 5911.