The purpose of the Texas Agricultural Finance Authority (the Authority) is to provide financial assistance to eligible agricultural businesses and to other agricultural-related rural economic development projects that the board of 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 promote the development of 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; amended to be effective November 28, 1999, 24 TexReg 10320.