The purpose of the Farmer Interest Rate Reduction Program is to encourage private commercial loans and provide an economic benefit to farmers for the purpose of creating or expanding an agricultural business in this state. These sections are adopted to provide standards of eligibility and procedures for participating in the interest rate reduction provided under the Act.

Source Note:The provisions of this §28.41 adopted to be effective September 1, 2009, 34 TexReg 5902; amended to be effective March 18, 2026, 51 TexReg 1617.