4 Tex. Admin. Code § 28.52
Collateral Administration
Effective Sep 6, 200025 TexReg 8623Source Note: The provisions of this §28.52 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.Texas Secretary of State
- (a) Except as otherwise provided by state law, by these rules or by resolution of the board, the staff, with the approval of the commissioner of agriculture, the deputy commissioner of agriculture or the official of the department designated by the commissioner of agriculture as being responsible for the department's program, shall have the authority to act on behalf of the Authority, without specific board approval, in regard to the collection, settlement and enforcement of each and every commitment under the program. Such authority shall include, without limitation, the actions required to be taken by the Authority under any loan agreement, any participation agreement and any other agreement entered into by the Authority concerning commitments provided by the Authority.
- (b) Nothing in this section shall prevent the staff or the commissioner of agriculture, the deputy commissioner, or official of the department designated by the commissioner of agriculture from submitting any matter to the board for its consideration and approval.
Source Note:The provisions of this §28.52 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.