Texas Government Code 436.1533 – Use of Loan Proceeds to Pay Other Debt Incurred to Finance Project
Current as of: 2024 | Check for updates
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A defense community awarded a loan of financial assistance from the Texas military value revolving loan account for an eligible project under this subchapter may use a portion of the loan proceeds to pay off other debt, including commercial debt, the defense community incurred for purposes of financing the project.