Texas Agriculture Code 44.010 – Limitations in Program
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(a) At any one time, not more than $30 million may be placed in linked deposits under this chapter.
(b) The maximum amount of a loan under this chapter is $500,000.
Terms Used In Texas Agriculture Code 44.010
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(c) A loan granted pursuant to this chapter may be used for any agriculture-related operating expense, including the purchase or lease of land or fixed assets acquisition or improvement, as identified in the application.
(d) A loan granted pursuant to this chapter may be applied to existing debt as described in Section 44.007.