The purpose of the Authority is to provide financial assistance to eligible agricultural businesses and to other 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 support rural economic development projects. These rules establish standards of eligibility and the application procedures for the Authority's rural development finance program.

Source Note:The provisions of this §28.42 adopted to be effective September 6, 2000, 25 TexReg 8623; transferred effective October 1, 2007, as published in the Texas Register September 28, 2007, 32 TexReg 6793.