81st Texas Legislature, House Bill 1016, Chapter 506 Page: 1 of 136
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Chapter 506 S.B. No. .1016
1 AN ACT
2 relating to the continuation and functions of the Department of
3 Agriculture and the Prescribed Burning Board, the creation of the
4 Texas Bioenergy Policy Council and Texas Bioenergy Research
5 Committee, and the abolition of the Texas-Israel Exchange Fund
6 Board; providing penalties.
7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
8 ARTICLE 1. TEXAS AGRICULTURAL FINANCE AUTHORITY
9 SECTION 1.01. Subdivisions (1) and (2), Section 44.001,
10 Agriculture Code, are amended to read as follows:
11 (1) "Eligible lending institution" means a financial
12 institution that makes commercial loans, is either a depository of
13 state funds or an institution of the Farm Credit System
14 headquartered in this state, and agrees to participate in the
15 interest rate reduction [liked deposCit] program and to provide
16 collateral equal to the amount of linked deposits placed with it.
17 (2) "Eligible borrower" means a person who proposes to
18 use the proceeds of a loan under this chapter in a manner that will
19 help accomplish the state's goal of fostering the creation and
20 expansion of enterprises based on agriculture in this state [i in
22 [(A) posi an mrein agi1 1 c
23 in this sctatc;,
24 [K)pouigatraiv giutrlcosi
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Texas. Legislature. Senate. 81st Texas Legislature, House Bill 1016, Chapter 506, legislative document, June 19, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth149265/m1/1/: accessed June 26, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.