Tex. Natural Resources Code § 161.507
This is the official text of Tex. Natural Resources Code § 161.507, part of Texas’s Natural Resources Code — governs land, minerals, and natural resource management.
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§ 161.507. LOAN PAYMENTS.
Official statutory text
(a) The final principal payment on a loan shall be made not later than the 40th anniversary of the date of the loan.
(b) The board shall determine the maximum principal amount of loans to the same eligible person that may be outstanding at any time.
(c) Payments on the loan must be made at times determined by the board.
(b) The board shall determine the maximum principal amount of loans to the same eligible person that may be outstanding at any time.
(c) Payments on the loan must be made at times determined by the board.
Status: in_force · Read it on the official government site
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