Through action of the Texas Legislature and the approval of the Texas voters, the Texas Agricultural Finance Authority is authorized to issue general obligation bonds, or other indebtedness backed by the State of Texas, and revenue bonds to provide financial assistance to eligible agricultural businesses through direct loans, loans to lenders, purchasing participations in loans, loan insurance, or a loan guaranty program.

Source Note:The provisions of this §28.1 adopted to be effective April 23, 1991, 16 TexReg 2051; amended to be effective March 10, 1992, 17 TexReg 1533; amended to be effective January 17, 1994, 19 TexReg 66.