Texas § GV.489.107 - ANNUAL REPORT
Full text of Texas The Texas Constitution § GV.489.107 — ANNUAL REPORT, with citation guidance and answers to common questions.
§ GV.489.107. ANNUAL REPORT
ANNUAL REPORT. (a) On or before January 1 of each year, the office shall submit to the legislature an annual status report on the activities of the bank. (b) The report under Subsection (a) must include for each program administered by the office: (1) the number of grants, loans, and designations awarded in the previous fiscal year; (2) the total number of grants, loans, and designations awarded by the bank; (3) the amount in dollars of all grants, loans, and designations described by Subdivisions (1) and (2); (4) the number of applications received in the previous fiscal year; (5) the number of outstanding loans and designations; (6) a summary of each outstanding loan and designation, including the amount outstanding and the terms of the loan or designation; (7) the balance of each program's fund and any reserve account; and (8) any challenges in administering each program, including any proposals for statutory changes that would address the challenges. (c) For the small business disaster recovery loan program, the report must include a general description of each small business for which an applicant was awarded a loan from the fund during the preceding fiscal year. (d) In preparing the report under Subsection (a), the office shall remove any identifying information pertaining to program participants. Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003. Amended by: Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515 ), Sec. 9, eff. September 1, 2023.
Frequently Asked Questions About Texas § GV.489.107
What does The Texas Constitution § GV.489.107 cover?
Section GV.489.107 ("ANNUAL REPORT") 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.489.107?
A common citation format is "The Texas Constitution § GV.489.107" (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.489.107 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.