The purpose of the Rural Economic Development Finance Program (Program) is to provide financial assistance to eligible entities including agricultural businesses and other rural economic development projects. It is the policy of the Board of Directors of the Authority to provide programs for providing financial assistance to eligible entities that the board considers to present a reasonable risk and have a sufficient likelihood of repayment. This subchapter establishes standards of eligibility and the application procedures for the Program.

Source Note: The provisions of this §28.71 adopted to be effective May 18, 2022, 47 TexReg 2856