The fund, established in the office of the state comptroller, shall include a rural economic development program account consisting of general obligation bond proceeds, appropriations or transfers made to the account, guaranty fees, monies received from the operation of the rural economic development program, interest paid on money in the account from the operation of the program, interest paid on money in the account and any other monies received from other sources for the account. The board may provide for the establishment and maintenance of separate subaccounts within the account, including, but not limited to, loan guaranty subaccounts, direct loan subaccounts, participation purchase subaccounts, project accounts, reserve accounts and interest and sinking subaccounts as prescribed by the board.

Source Note:The provisions of this §28.46 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.