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TITLE 1ADMINISTRATION
PART 1OFFICE OF THE GOVERNOR
CHAPTER 4TEXAS MILITARY PREPAREDNESS COMMISSION
SUBCHAPTER ATEXAS MILITARY VALUE REVOLVING LOAN FUND PROGRAM
RULE §4.3Processing and Review of Applications

(a) The Commission shall conduct its review of the applicant's creditworthiness based on standard due diligence practices and procedures that are consistent with other Office of the Governor programs including, but not limited to:

  (1) review of project description to assess whether it satisfies program criteria requirements;

  (2) quick assessment project considerations;

  (3) economic/financial analysis;

  (4) revenue analysis;

  (5) credit rating review; and

  (6) financial analysis summary - strengths, weaknesses, exceptions.

(b) In addition, the Commission, in consultation with the Texas Public Finance Authority, shall also be responsible for developing the loan and security structure including:

  (1) the loan term sheet;

  (2) the loan agreement; and

  (3) the bond sale activities.


Source Note: The provisions of this §4.3 adopted to be effective October 10, 2010, 35 TexReg 9077; amended to be effective January 28, 2016, 41 TexReg 681; amended to be effective April 22, 2020, 45 TexReg 2539

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