Sec. 15.612.  APPLICATION BY ELIGIBLE LENDING INSTITUTIONS TO PARTICIPATE IN LINKED DEPOSIT PROGRAM.  To participate in the nonpoint source pollution control linked deposit program, an eligible lending institution must:
(1)  solicit loan applications, which must contain a description of a proposed nonpoint source pollution control project;
(2)  review applications to determine if applicants are eligible and creditworthy;  and
(3)  submit the applications of eligible and creditworthy applicants to the executive administrator with a certification:
(A)  of the interest rate applicable to each applicant by the eligible lending institution;  and
(B)  of the proposed project by the appropriate person as required by Section 15.613.
Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.