Tex. Agriculture Code § 58.053
This is the official text of Tex. Agriculture Code § 58.053, part of Texas’s Agriculture Code — regulates farming, livestock, and agricultural commerce.
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§ 58.053. APPLICATION FOR LOAN GUARANTEE.
Official statutory text
(a) An eligible applicant's documentation shall include the following for the board's review:
(1) the plan, as submitted to the lender, for the applicant's proposed farm or ranch operation or agriculture-related business to be financed that includes a budget for the proposed operation;
(2) a completed application for a loan from a commercial lender on which an eligible applicant has indicated how the loan proceeds will be used to implement the applicant's plan; and
(3) the signed statement of a loan officer of the commercial lender that a loan guarantee is requested for approval of the loan application.
(b) The board may charge a reasonable application fee for processing an application filed under this section.
(1) the plan, as submitted to the lender, for the applicant's proposed farm or ranch operation or agriculture-related business to be financed that includes a budget for the proposed operation;
(2) a completed application for a loan from a commercial lender on which an eligible applicant has indicated how the loan proceeds will be used to implement the applicant's plan; and
(3) the signed statement of a loan officer of the commercial lender that a loan guarantee is requested for approval of the loan application.
(b) The board may charge a reasonable application fee for processing an application filed under this section.
Status: in_force · Read it on the official government site
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