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By: Anderson of McLennan, Guillen |
H.B. No. 2350 |
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(Senate Sponsor - Kolkhorst) |
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(In the Senate - Received from the House April 20, 2015; |
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May 11, 2015, read first time and referred to Committee on |
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Agriculture, Water, and Rural Affairs; May 25, 2015, reported |
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favorably by the following vote: Yeas 6, Nays 0; May 25, 2015, sent |
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to printer.) |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the amount that may be used to guarantee loans under the |
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Texas Agricultural Finance Authority's agricultural loan guarantee |
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program. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 58.052(c), Agriculture Code, is amended |
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to read as follows: |
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(c) The amount that may be used to guarantee loans under |
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this subchapter may not exceed three times [three-fourths of] the |
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amount contained in the Texas agricultural fund. |
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SECTION 2. This Act takes effect September 1, 2015. |
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* * * * * |