Texas § AG.59.025 - MAXIMUM AMOUNT OF LOAN OR GUARANTEE
Full text of Texas The Texas Constitution § AG.59.025 — MAXIMUM AMOUNT OF LOAN OR GUARANTEE, with citation guidance and answers to common questions.
§ AG.59.025. MAXIMUM AMOUNT OF LOAN OR GUARANTEE
MAXIMUM AMOUNT OF LOAN OR GUARANTEE. (a) A loan under this chapter may not exceed the lesser of: (1) $250,000; or (2) an amount equal to 95 percent of the lesser of the purchase price of the land or the land's appraised value under Section 59.028 . (b) The board may provide a guarantee of not more than 90 percent of a loan approved under this section. Added by Acts 1993, 73rd Leg., ch. 542, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 858, Sec. 5, eff. Sept. 1, 1995; Acts 1995, 74th Leg., ch. 1014, Sec. 14, eff. Jan. 1, 1996; Acts 1997, 75th Leg., ch. 473, Sec. 2, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 26, Sec. 13, eff. May 2, 2001.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § AG.59.025
What does The Texas Constitution § AG.59.025 cover?
Section AG.59.025 ("MAXIMUM AMOUNT OF LOAN OR GUARANTEE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § AG.59.025?
A common citation format is "The Texas Constitution § AG.59.025" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § AG.59.025 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.