Texas Government Code 436.154 – Loan Process
(a) The commission shall adopt rules, in consultation with the Texas Public Finance Authority, that contain the criteria for evaluating the credit of a loan applicant and the financial feasibility of a project. The commission, in consultation with the Texas Public Finance Authority, shall also adopt a loan application form. The application form may include:
(1) the name of the defense community and its principal officers;
(2) the total cost of the project;
(3) the amount of state financial assistance requested;
(4) the plan for repaying the loan; and
(5) any other information the commission requires to perform its duties and to protect the public interest.
(b) The commission may not accept an application for a loan from the Texas military value revolving loan account unless the application is submitted in affidavit form by the officials of the defense community. The commission shall prescribe the affidavit form.
Terms Used In Texas Government Code 436.154
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Affidavit: means a statement in writing of a fact or facts signed by the party making it, sworn to before an officer authorized to administer oaths, and officially certified to by the officer under his seal of office. See Texas Government Code 312.011