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Tex. Agriculture Code § 59.025

This is the official text of Tex. Agriculture Code § 59.025, part of Texas’s Agriculture Code — regulates farming, livestock, and agricultural commerce.

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§ 59.025. MAXIMUM AMOUNT OF LOAN OR GUARANTEE.

Official statutory text

(a) A loan under this chapter may not exceed the lesser of:

(1) $250,000; or

(2) an amount equal to 95 percent of the lesser of the purchase price of the land or the land's appraised value under Section 59.028.

(b) The board may provide a guarantee of not more than 90 percent of a loan approved under this section.

Status: in_force · Read it on the official government site

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