Texas Human Resources Code 136.009 – Rules
(a) The executive commissioner shall adopt rules to administer this chapter, including rules that require:
(1) the commission to review the lending and servicing practices of a development corporation to ensure the practices conform to generally accepted accounting principles;
(2) an eligible community health center to enter into an agreement with the development corporation that states the terms of the loan made to the center;
(3) the development corporation to provide to the commission semiannual reports giving details of the status of each loan made under the program;
(4) the development corporation to require annual audits of community health centers receiving loans under the program; and
(5) the commission to provide oversight of the development corporation as necessary to qualify the development corporation for loan guarantees from federal and state programs.
(b) Under rules adopted by the executive commissioner, the development corporation may:
(1) make grants to eligible community health centers from money other than money that was derived from a legislative appropriation; or
(2) seek money from state or federal agencies or private sources to supplement and complement the money received under the program.
Terms Used In Texas Human Resources Code 136.009
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Oversight: Committee review of the activities of a Federal agency or program.
(c) The executive commissioner may adopt other rules as necessary to accomplish the purposes of this chapter.