Through action of the Texas Legislature and the approval of the Texas voters in the passage of a Constitutional Amendment on November 5, 1985, the Texas Agricultural Finance Authority is authorized to issue general obligation bonds or other indebtedness backed by the State of Texas to provide financial assistance to eligible applicants through direct loans, loans to lenders, or purchasing participations in loans.

Source Note:The provisions of this §28.21 adopted to be effective June 16, 1995, 20 TexReg 4047; transferred effective October 1, 2007, as published in the Texas Register September 28, 2007, 32 TexReg 6793.