Established pursuant to the authority recited in §181.1(b) of this title (relating to Texas Leverage Fund General Rules), the program provides a source for EDCs to leverage economic development sales and use tax receipt proceeds. The Office provides a program loan to the EDC to fund the cost of an eligible project as defined by the Act and in accordance with the Office's program guidelines. The program loan is secured by a pledge to the Office of the EDC's economic development sales and use tax receipt proceeds.