Texas § GV.2306.785 - PROGRAM LOANS
Full text of Texas The Texas Constitution § GV.2306.785 — PROGRAM LOANS, with citation guidance and answers to common questions.
§ GV.2306.785. PROGRAM LOANS
PROGRAM LOANS. (a) The department may make loans under the program only to: (1) colonia self-help centers established under Subchapter Z; and (2) community housing development organizations certified by the department. (b) A loan made under the program may be used only for the payment of: (1) costs associated with the purchase of real property; (2) costs of surveying, platting, and subdividing or resubdividing real property; (3) fees, insurance costs, or recording costs associated with the development of the subdivision; (4) costs of providing proper infrastructure necessary to support residential uses; (5) real estate commissions and marketing fees; and (6) any other costs as the department by rule determines to be reasonable and prudent to advance the purposes of this subchapter. (c) A loan made by the department under the program may not bear interest and may not exceed a term of 36 months. (d) The department may offer a borrower under the program one loan renewal for each subdivision. Added by Acts 2001, 77th Leg., ch. 1367, Sec. 2.13, eff. Sept. 1, 2001.
Frequently Asked Questions About Texas § GV.2306.785
What does The Texas Constitution § GV.2306.785 cover?
Section GV.2306.785 ("PROGRAM LOANS") 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 § GV.2306.785?
A common citation format is "The Texas Constitution § GV.2306.785" (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 § GV.2306.785 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.