The purpose of the Texas Agricultural Finance Authority is to provide financial assistance to eligible agricultural businesses and to other agricultural-related rural economic development projects that otherwise would not be provided and that the board of the Texas Agricultural Finance Authority (the Authority) considers to present a reasonable risk and have a sufficient likelihood of repayment. The Authority is mandated to support the expansion, development, and diversification of production, processing, marketing, and exporting of Texas agricultural products and to support other agricultural-related rural economic development projects. These rules establish standards of eligibility and the application procedures for the Authority's financial assistance programs.

Source Note:The provisions of this §28.2 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; amended to be effective August 24, 1999, 24 TexReg 6472.