The purpose of the Rural Agriculture Economic Development Finance Program (Program) is to provide financial assistance to eligible entities including agricultural businesses and other rural agriculture-related economic development projects. It is the policy of the board to provide programs for providing financial assistance to eligible entities that the board considers to present a reasonable risk and have a sufficient likelihood of repayment. This subchapter establishes standards of eligibility and the application procedures for the Program.

Source Note:The provisions of this §28.71 adopted to be effective May 18, 2022, 47 TexReg 2856; amended to be effective March 18, 2026, 51 TexReg 1617.