1. (a) All actions of the bank will be in accordance with applicable federal and state law, and applicable rules and regulations.
2. (b) Grant financing will not be considered.
3. (c) No actions will be knowingly taken which would result in the bank's credit rating falling below investment grade.
4. (d) If the bank's credit rating falls below investment grade, the commission will take actions necessary or appropriate to return the bank's credit rating as promptly as practicable to investment grade.
5. (e) The federal government shall not be obligated by any act of the commission or department under this chapter.
6. (f) Repayment of any financial assistance from the bank will commence at the earliest reasonable date consistent with applicable federal and state law, rules, and regulations. The term for repaying any financial assistance will not exceed 30 years after the date of the first payment.
7. (g) The Federal Highway Administration, the Federal Transit Administration, and the Comptroller General of the United States, each if applicable, and the Texas State Auditor's Office, and the department, or any of their authorized representatives, shall have the right of access to any books, documents, papers, or other records of the applicant which are pertinent to any agreement, in order to make audits, examinations, excerpts, and transcripts.
8. (h) Federal funds received by the state under the federal act, matching state funds in an amount required by that act, proceeds from bonds issued under the state act, secondary funds, other state funds deposited into the bank by order of the commission, and other money received by the state that is eligible for deposit in the bank, may be deposited into the bank.

Source Note:The provisions of this §6.3 adopted to be effective January 8, 1998, 23 TexReg 151; amended to be effective January 5, 2006, 30 TexReg 8990.