INCOME FROM LOAN

Official source

All income received on a loan made with money received under the program is the property of the development corporation. Income received on a loan includes the payment of interest by a borrower and the administrative fees assessed by the development corporation. Added by Acts 2001, 77th Leg., ch. 878, Sec. 1, eff. Sept. 1, 2001.

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INCOME FROM LOAN

Official source

All income received on a loan made with money received under the program is the property of the development corporation. Income received on a loan includes the payment of interest by a borrower and the administrative fees assessed by the development corporation. Added by Acts 2001, 77th Leg., ch. 878, Sec. 1, eff. Sept. 1, 2001.