| (a) The Department administers all Texas Bootstrap
Loan Program funds provided to the Department in accordance with Tex.
Gov't Code, Chapter 2306, Subchapter FF.
(b) The Department may make loans for the Texas Bootstrap
Loan Program from:
(1) Available funds in the Texas Housing Trust Fund
established under Tex. Gov't Code, §2306.201; or
(2) Federal block grants that may be used for the purposes
of this chapter.
(c) Each state fiscal year the Department shall transfer
at least $3 million (or another amount if so required by Tex. Gov't
Code or the General Appropriations Act) to the Texas Bootstrap Loan
Program from money received under federal block grants or from available
funds in the Texas Housing Trust Fund.
(d) The Department may use up to 10% of Program funds
available per state fiscal year to enhance the ability of tax-exempt
organizations described by Tex. Gov't Code, §2306.755(a), to
increase the number of such organizations that are able to implement
the Program. The Department shall use that available revenue to provide
financial assistance, technical training and management support.
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