An applicant may not receive a grant under this chapter until it has entered a grant agreement with TANEO. A written agreement under this chapter must:

1. (1) specify benchmarks and milestones for the completion of the project for which the grant is provided;
2. (2) require the grant recipient to repay to the state money received from that grant if the recipient fails to reach the specified benchmarks; and
3. (3) include any additional terms or requirements set forth in subchapter B or C of this chapter.

Source Note:The provisions of this §331.8 adopted to be effective March 19, 2026, 51 TexReg 1623.