Sec. 15.614.  APPROVAL OR REJECTION OF APPLICATION.  The board may approve or reject an application of an eligible lending institution to participate in the program.  The board may delegate its authority to approve or reject an application to the executive administrator.
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.