Texas Government Code 2304.068 – Administrative Charge Imposed by Local Government
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(a) A local government may impose a charge to cover its administrative expenses incurred in connection with a housing rehabilitation loan made by the local government.
(b) The local government may deduct the charge from the amount loaned.
Terms Used In Texas Government Code 2304.068
- Contract: A legal written agreement that becomes binding when signed.
(c) The charge may not exceed three percent of the amount of the contract for housing rehabilitation the borrower makes with a contractor.