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Tex. Agriculture Code § 44.010

This is the official text of Tex. Agriculture Code § 44.010, part of Texas’s Agriculture Code — regulates farming, livestock, and agricultural commerce.

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§ 44.010. LIMITATIONS IN PROGRAM.

Official statutory text

(a) At any one time, not more than $30 million may be placed in linked deposits under this chapter.

(b) The maximum amount of a loan under this chapter is $500,000.

(c) A loan granted pursuant to this chapter may be used for any agriculture-related operating expense, including the purchase or lease of land or fixed assets acquisition or improvement, as identified in the application.

(d) A loan granted pursuant to this chapter may be applied to existing debt as described in Section 44.007.

Status: in_force · Read it on the official government site

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