- (a) Eligible costs. Financing received under this program may be used only to provide working capital for operating the farm or ranch identified in the application.
- (b) Ineligible costs. Use of financing received under this Program for any costs other than working capital for the farm or ranch operation shall be considered ineligible costs. A loan guarantee is voidable by the board if the borrower uses loan proceeds for ineligible costs.
Source Note:The provisions of this §30.5 adopted to be effective November 15, 1993, 18 TexReg 7539; amended to be effective September 16, 1997, 22 TexReg 9243.