Application By Eligible Lending Institutions To Participate In Linked Deposit Program

Sec. 15.612. APPLICATION BY ELIGIBLE LENDING INSTITUTIONS TO PARTICIPATE IN LINKED DEPOSIT PROGRAM. To participate in the nonpoint source pollution control linked deposit program, an eligible lending institution must: (1) solicit loan applications, which must contain a description of a proposed nonpoint source pollution control project; (2) review applications to determine if applicants are eligible and creditworthy; and (3) submit the applications of eligible and creditworthy applicants to the executive administrator with a certification: (A) of the interest rate applicable to each applicant by the eligible lending institution; and (B) of the proposed project by the appropriate person as required by Section 15.613. Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.