Texas Administrative Code

(a) Application forms. A lender seeking a loan guarantee from the Authority must use the application forms provided by the Authority and must include all information requested. (b) Submission of application. All applicants are required to obtain approval from a lender before appl…

The applicant must present to the lender the information necessary to determine if the applicant is eligible and qualified to receive a loan guarantee under the program. Such information will include the following: (1) the application checklist form for the program provided by th…

(a) A qualified application will be considered by the board at the first available meeting of the Authority or by the commissioner when the staff has had sufficient time to complete its review of the qualified application. (b) Approval of qualified applications will be subject to…

(a) Maximum amount of loan guarantee. A guarantee shall not exceed: (1) $750,000 or 70% of the loan amount, whichever is less; (2) $500,000 or 80% of the loan amount, whichever is less; (3) $250,000 or 90% of the loan amount, whichever is less. (b) Program limit. The amount that …

(a) Type of Residence and Number of Units. To be eligible for assistance under the Program an Applicant must apply with respect to a Residence that is either a new or existing single family residence, new or existing condominium or townhome, or manufactured housing that has been …

Any party requesting records of the Authority must submit a written request to the department, pursuant to the Texas Public Information Act, Texas Government Code, Chapter 552. Notes 4 Tex. Admin. Code § 28.3 The provisions of this §28.3 adopted to be effective September 1, 2009,…

(a) Each eligible borrower shall provide all information as requested by the lender and the Authority may request copies of any and all information provided to the lender. (b) Each lender shall report in writing to the Authority as follows: (1) notification if the loan is either …

(a) The board or the commissioner shall consider the following factors in deciding whether to approve an application for a loan guarantee: (1) the anticipated benefits from granting a loan guarantee to the eligible applicant, including both potential job creation and commercial b…

(a) Except as otherwise provided by state law, by these rules or by resolution of the board, the staff, with the approval of the commissioner, the deputy commissioner of agriculture, or the official of the department designated by the commissioner of agriculture as being responsi…

(a) The board may independently establish a rate reduction (percent and amount) from time to time in its sole discretion to be eligible in the form of a rebate to qualifying eligible borrowers; however, in any one calendar year, the rate reduction per eligible borrower shall not …

(a) A lender certified under this section will receive expedited approval of loans that have a principal balance of $100,000 or less as of the date of closing the loan. (b) A lender is eligible to participate as a certified lender under the Authority's Agricultural Loan Guarantee…

(a) Occupancy requirement. The Homebuyer must occupy the property within a reasonable time (not to exceed 60 days) after the date of closing as his or her Residence. (b) Use for a business. Homebuyer may not use more than 15% of the Residence in a trade or business (including chi…

The Texas Agricultural Finance Authority is authorized by Chapter 58 of the Code, Subchapter F, §§58.071 - 58.075 to promulgate rules and procedures to establish the Young Farmer Interest Rate Reduction Program. Notes 4 Tex. Admin. Code § 28.40 The provisions of this §28.40 adopt…

The purpose of the Young Farmer Interest Rate Reduction Program is to encourage private commercial loans and provide an economic benefit to young farmers for the purpose of creating or expanding an agricultural business in this state. These sections are adopted to provide standar…

In addition to the definitions set out in the Texas Agriculture Code, Chapter 58, as amended, and in Subchapter A of this chapter (relating to Financial Assistance Rules) the following words and terms, when used in this subchapter, shall have the following meanings unless the con…

(a) An applicant must comply with the following procedures to obtain approval of the application for participation in the program. An applicant shall submit a complete and accurate loan application and any required credit documentation to the lender and an applicant shall supply …

A lender must comply with the following procedures to obtain approval of an application for participation in the program. (1) A lender must be an eligible lending institution, as defined by the Act, to participate in the program. (2) A lender that is not an approved depository ma…

(a) Upon receipt of the application, staff shall review the application and determine: (1) the current availability of funds under the program; (2) the completeness of the application; (3) the eligibility of the applicant and the lender; (4) the qualified use of proceeds; and (5)…

(a) The comptroller shall review completed applications from the Authority and notify the Authority of their decision to accept or deny the application. (b) The Authority will notify the lender if the application has been accepted or denied. (c) The comptroller will inform the le…

(a) Loan proceeds under the program may be used for any agriculture-related operating expense, including the purchase or lease of land or fixed asset acquisition or improvement, or for any enterprise based on agriculture as identified in the application, but a loan under this pro…

In addition to the limitations already set forth in these rules, the following limitations apply. (1) Not more than that amount from the fund as determined by the board may be placed concurrently in linked deposits under the Act. (2) The maximum amount of a loan under this progra…

(a) An Applicant seeking assistance under the Program must first contact a participating Mortgage Lender. A list of participating Mortgage Lenders may be obtained on the Department's website or by contacting the Department. (b) Applicant shall complete an application with a parti…

The fund, established in the office of the comptroller, may consist of general obligation bond or commercial paper note proceeds, revenues generated from fees on farm vehicle registrations, appropriations or transfers made to the fund, guaranty fees, monies received from the oper…

The purpose of the program is to provide financial assistance in the form of matching grant funds to young farmers for the purpose of creating or expanding an agricultural business in this state. These sections are adopted to provide standards of eligibility and procedures for th…

The Texas Agricultural Finance Authority is authorized by Chapter 58 of the Code, Subchapter G, §§58.091- 58.095 to promulgate rules and procedures to establish the Young Farmer Grant Program. Notes 4 Tex. Admin. Code § 28.51 The provisions of this §28.51 adopted to be effective …

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise. (1) Act--The Texas Agriculture Code, §§ 58.091 - 58.095. (2) Grantee--A person awarded funds under this subchapter. (3) Matching Funds--…

A person is eligible to receive a Young Farmer Grant if: (1) on the date the grant application is due the applicant is 18 years of age or older but younger than 46 years of age; (2) the applicant is or will be involved in creating or expanding an agricultural business in this sta…

Funds received under this subchapter may only be used for activities related to creating or expanding an agricultural business in Texas. Notes 4 Tex. Admin. Code § 28.54 The provisions of this §28.54 adopted to be effective September 1, 2009, 34 TexReg 5902

(a) The Board shall determine the availability of funds for the Program on a fiscal year basis. (b) The Board shall adopt selection criteria for the Program. The Board shall approve a form for use as the Program's grant application which shall state the selection criteria, due da…

Texas Administrative Code Title 1 - ADMINISTRATION Title 4 - AGRICULTURE Title 7 - BANKING AND SECURITIES Title 10 - COMMUNITY DEVELOPMENT Title 13 - CULTURAL RESOURCES Title 16 - ECONOMIC REGULATION Title 19 - EDUCATION Title 22 - EXAMINING BOARDS Title 25 - HEALTH SERVICES Titl…

Texas Administrative Code Title 1 - ADMINISTRATION Title 4 - AGRICULTURE Title 7 - BANKING AND SECURITIES Title 10 - COMMUNITY DEVELOPMENT Title 13 - CULTURAL RESOURCES Title 16 - ECONOMIC REGULATION Title 19 - EDUCATION Title 22 - EXAMINING BOARDS Title 25 - HEALTH SERVICES Titl…

Texas Administrative Code Title 1 - ADMINISTRATION Title 4 - AGRICULTURE Title 7 - BANKING AND SECURITIES Title 10 - COMMUNITY DEVELOPMENT Title 13 - CULTURAL RESOURCES Title 16 - ECONOMIC REGULATION Title 19 - EDUCATION Title 22 - EXAMINING BOARDS Title 25 - HEALTH SERVICES Titl…

(a) To be approved by the Department for participation in the program, a Mortgage Lender must meet the requirements in the Participation Packet to be a qualified Mortgage Lender as specified by: (1) FHA; (2) RHS; (3) VA; or (4) be a lender currently participating in the conventio…

The purpose of this subchapter is to provide for the administration of the collection of assessments by county tax assessor-collectors as provided for in § 502.404 of the Texas Transportation Code; and to provide for the remittance of such assessments to the comptroller for depos…

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise. (1) Assessment--A voluntary fee paid on each commercial motor vehicle registered under the Transportation Code, § 502.404. (2) Request f…

(a) Each county tax assessor-collector shall collect the voluntary assessment required by the Transportation Code, § 502.404. (b) Each county tax assessor-collector shall provide notice of the refund procedures defined in § 28.63 of this chapter (relating to Refunding of Assessme…

(a) At the time of payment, the county tax assessor-collector shall notify each payor of the assessment that a refund is available, and shall provide the payor with a request for refund form. Each payor may request a refund by filing a request for refund with the Authority. The r…

Mortgage Loans that are financed with the proceeds of tax-exempt bonds, or for which a Mortgage Credit Certificate has been or will be issued, will be subject to federal income tax recapture provisions. Assumption of a Mortgage Loan is allowed under the Program if the new owner m…

(a) Except as otherwise provided by state law, these rules, or resolution of the board, the staff, with the approval of the commissioner or deputy commissioner, or the department official designated by commissioner as being responsible for the Authority's programs, shall have the…

The Texas Agricultural Finance Authority (the Authority) is authorized by § 58.021 of the Texas Agriculture Code and by Article III, §49-f(g) of the Texas Constitution to design and implement programs to provide financial assistance to eligible agricultural businesses and other r…

The purpose of the Rural Economic Development Finance Program (Program) is to provide financial assistance to eligible entities including agricultural businesses and other rural economic development projects. It is the policy of the Board of Directors of the Authority to provide …

In addition to the definitions set forth in Texas Agriculture Code, § 58.002 and § 28.2 of this chapter (relating to Definitions), the following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise. (1) A…

(a) Purpose. The purpose of the Texas Rural Community Loan is to provide financial assistance to political subdivisions and economic development corporations and allow the loans to be secured with sales tax, utility fees, ad valorem taxes, or other revenues or collateral to fund …

(a) Purpose. The purpose of the Agriculture and Community Economic Development Loan is to provide financial assistance to Texas-based private entities via an approved participating lender. (b) Eligible Entities. A private for-profit or non-profit entity authorized to do business …

(a) Applicant. An applicant is eligible for a loan from the Authority if it meets the following criteria: (1) The applicant is a legal entity under the laws of the United States of America and the State of Texas; (2) The applicant has a principal place of business in the state; (…

(a) Application forms. An applicant or participating lender seeking a commitment from the Authority must use the application forms provided by the Authority and the Department. (b) Submission of a qualified application. Applicants are required to submit the application material t…

In evaluating applications for financial assistance under this subchapter, the board and staff shall consider at minimum: (1) The anticipated benefits arising from the financial assistance to the applicant, including both the potential impact on agricultural development and rural…

Required information. The eligible application must set forth the information necessary for the determination to provide a commitment by the Authority or the Authority's designee and will include all that is outlined and required in the application and at minimum: (1) Applicant's…

All assistance provided under the Program is funded through or facilitated by the Department's mortgage revenue bond indentures and is subject to changes in the mortgage revenue bond indentures and applicable law. If there is a conflict between this chapter and any bond indenture…

(a) Permissible use of the commitment. The commitment is to be used to finance the project or purpose identified in the approved application. (b) Interest. The interest rate shall be the rate approved by the Authority and/or lender, if applicable. (c) Fees. The Authority may appr…