The Young Farmer Loan Guarantee Program is to provide financial assistance in the form of loan guarantees to eligible applicants who desire to establish their first farm or ranch operation, when the board considers such financial assistance presents a reasonable risk and has a sufficient likelihood of repayment. These rules establish standards of eligibility and application procedures for the program.

Source Note:The provisions of this §30.2 adopted to be effective November 15, 1993, 18 TexReg 7539.