| (a) In carrying out its duties and responsibilities
under this subchapter, the Commission shall:
(1) publicize the loan program to potential applicants;
(2) work closely with loan applicants to ensure the
application is complete and all relevant material is provided;
(3) establish and conduct the evaluation process in
a responsive manner to maximize the opportunity to acquire federal
and other funding;
(4) develop contracts with awardees that include sufficient
performance measures, audit requirements, and reporting requirements
to ensure prudence and due diligence in the expenditure of state funds;
and
(5) minimize reporting requirements that may be repetitive
of reporting required by federal grant agencies or that may be unnecessary
for the effective monitoring of the program.
(b) The Director on behalf of the Commission, in consultation
with the Chief of Staff or his designee, may waive any provision of
this chapter upon a finding that the public interest would be furthered
by granting the waiver.
|
| Source Note: The provisions of this §4.7 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 |
