Prohibited investments under the RED C4T Program include the following:
  (1) Grants or loans for activities that relate to lobbying activities, as such activities are defined under state or federal law;
  (2) Grants or loans to childcare facilities, including day cares and after-school programs;
  (3) Grants or loans for the refinancing of existing debt;
  (4) Grants or loans involving the acquisition or holding of passive investments, such as commercial real estate ownership;
  (5) Grants or loans for the repayment of delinquent federal or state income taxes;
  (6) Grants or loans for the repayment of payroll or sales taxes, or other taxes required to be held in trust or escrow;
  (7) Grants or loans that are, or are made in a manner that is, prohibited by federal or state laws that pertain to the investment of public money; and
  (8) Such other grants or loans that the Department may deem to be Prohibited Investments, as communicated by the Department to the Recipient from time to time.

Source Note: The provisions of this §29.31 adopted to be effective December 29, 2020, 45 TexReg 9409