This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:34 GMT
(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.