Texas § GV.418.062 - ELIGIBILITY FOR LOAN
Full text of Texas The Texas Constitution § GV.418.062 — ELIGIBILITY FOR LOAN, with citation guidance and answers to common questions.
§ GV.418.062. ELIGIBILITY FOR LOAN
ELIGIBILITY FOR LOAN. A political subdivision may apply to the division for a loan under this subchapter if: (1) the political subdivision: (A) is located wholly or partly in an area declared to be a disaster area by the governor or the president of the United States; and (B) before applying to the division for a loan under this subchapter: (i) has submitted to the division, within 30 days of the date of its adoption by the governing body of the political subdivision, the political subdivision's operating budget for the most recent fiscal year; and (ii) has submitted an application for a loan from the Federal Emergency Management Agency's community disaster loan program; (2) an assessment of damages due to the disaster for which the declaration was made has been conducted in the political subdivision; and (3) the division, in consultation with the Federal Emergency Management Agency, determines that the estimated cost to rebuild the political subdivision's infrastructure damaged in the disaster is greater than 50 percent of the political subdivision's total revenue for the current year as shown in the most recent operating budget of the political subdivision submitted to the division under this section. Added by Acts 2019, 86th Leg., R.S., Ch. 946 (S.B. 6 ), Sec. 3, eff. September 1, 2019. Amended by: Acts 2023, 88th Leg., R.S., Ch. 597 (H.B. 3222 ), Sec. 1, eff. September 1, 2023.
Frequently Asked Questions About Texas § GV.418.062
What does The Texas Constitution § GV.418.062 cover?
Section GV.418.062 ("ELIGIBILITY FOR LOAN") 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.418.062?
A common citation format is "The Texas Constitution § GV.418.062" (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.418.062 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.