Texas § GV.481.502 - FINANCIAL ASSISTANCE
Full text of Texas The Texas Constitution § GV.481.502 — FINANCIAL ASSISTANCE, with citation guidance and answers to common questions.
§ GV.481.502. FINANCIAL ASSISTANCE
FINANCIAL ASSISTANCE. (a) The office and the Texas Military Preparedness Commission shall assist defense communities in obtaining financing for economic development projects that seek to address future realignment or closure of a defense base that is in, adjacent to, or near the defense community. The office shall refer the defense community to: (1) a local economic development corporation created under the Development Corporation Act (Subtitle C1, Title 12, Local Government Code) for possible financing; or (2) an appropriate state agency that has an existing program to provide financing for the project, including: (A) the Texas Water Development Board; or (B) the Texas Department of Transportation. (b) A state agency making a loan to a defense community under this section shall evaluate the project and determine whether the project may be financed through the agency's program. The state agency has sole discretion on whether to finance the project. (c) Expired. Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.07, eff. April 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546 ), Sec. 16, eff. September 1, 2009. Acts 2015, 84th Leg., R.S., Ch. 330 (S.B. 1358 ), Sec. 14, eff. September 1, 2015.
Frequently Asked Questions About Texas § GV.481.502
What does The Texas Constitution § GV.481.502 cover?
Section GV.481.502 ("FINANCIAL ASSISTANCE") 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.481.502?
A common citation format is "The Texas Constitution § GV.481.502" (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.481.502 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.