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TITLE 1ADMINISTRATION
PART 2TEXAS ETHICS COMMISSION
CHAPTER 24RESTRICTIONS ON CONTRIBUTIONS AND EXPENDITURES APPLICABLE TO CORPORATIONS AND LABOR ORGANIZATIONS
RULE §24.5Corporate Loans
(a) A corporation may not make a loan to a candidate, officeholder, or political committee for campaign or officeholder purposes unless:

  (1) the corporation has been legally and continuously engaged in the business of lending money for at least one year before the loan is made; and

  (2) the loan is made in the due course of business.

(b) This section does not apply to a loan to a political committee that supports or opposes measures exclusively.

Source Note: The provisions of this §24.5 adopted to be effective December 31, 1993, 18 TexReg 9745.

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