Texas Agriculture Code

§ 58.021 — PURPOSES OF AUTHORITY

AG § 58.021Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 58. AGRICULTURAL FINANCE AUTHORITY · Art. C. PURPOSES AND POWERS

Statute text

(a)In order to promote the expansion, development, and diversification of production, processing, marketing, and export of Texas agricultural products and to promote the development of rural businesses, the authority shall design and implement programs to provide financial assistance to eligible agricultural businesses, including programs:

(1)to make or acquire loans to eligible agricultural businesses;

(2)to make or acquire loans to lenders to enable those lenders to make loans to eligible agricultural businesses;

(3)to insure, coinsure, and reinsure, in whole or in part, loans to eligible agricultural businesses;

(4)to guarantee, in whole or in part, loans to eligible agricultural businesses; and

(5)to administer or participate in programs established by another person to provide financial assistance to eligible agricultural businesses.

…

Legislative history

Acts 2025, 89th Leg., R.S., Ch. 709 (H.B. 43), Sec. 4, eff. June 20, 2025.