By Bernsen S.B. No. 260
77R1466 BDH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the maximum age of a participant in the Young Farmer
1-3 Loan Guarantee Program.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 58.051(2), Agriculture Code, is amended to
1-6 read as follows:
1-7 (2) "Eligible applicant" means a person applying for a
1-8 loan guarantee under this subchapter who:
1-9 (A) is at least 18 years of age but younger than
1-10 45 [40] years of age; and
1-11 (B) complies with the application procedures
1-12 prescribed by this subchapter.
1-13 SECTION 2. The change in law made by this Act applies only to
1-14 an application for a loan guarantee filed under Subchapter E,
1-15 Chapter 58, Agriculture Code, on or after the effective date of
1-16 this Act. An application filed before the effective date of this
1-17 Act is governed by the law in effect when the application was
1-18 submitted, and that law is continued in effect for that purpose.
1-19 SECTION 3. This Act takes effect immediately if it receives
1-20 a vote of two-thirds of all the members elected to each house, as
1-21 provided by Section 39, Article III, Texas Constitution. If this
1-22 Act does not receive the vote necessary for immediate effect, this
1-23 Act takes effect September 1, 2001.