Consideration In Passing On Application For Financial Assistance

Sec. 17.856. CONSIDERATION IN PASSING ON APPLICATION FOR FINANCIAL ASSISTANCE. In passing on an application for financial assistance for a participant, the board shall consider: (1) the needs of the area to be served by the project; (2) the availability to the participant of revenues, taxes, or a combination of revenues and taxes for payment of the acquired obligations of the participant; and (3) the costs to be incurred in the development, construction, and operation of the project. Added by Acts 1987, 70th Leg., ch. 420, Sec. 3, eff. June 17, 1987.