§ 375.17

31 Tex. Admin. Code § 375.17

Term of Loan

Effective Sep 8, 201035 TexReg 8126Source Note: The provisions of this §375.17 adopted to be effective September 8, 2010, 35 TexReg 8126.Texas Secretary of State

Viewing an earlier version · effective Sep 8, 2010View current

(a) The Board may offer loans for the following terms:
1. (1) up to ten years for the planning, acquisition, and design of an eligible project; or
2. (2) up to 30 years for the construction of an eligible project
(b) Notwithstanding the terms in subsection (a) of this section, the term of a loan may not exceed the design life of an eligible project.

Source Note:The provisions of this §375.17 adopted to be effective September 8, 2010, 35 TexReg 8126.