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 21:16:37 GMT

TITLE 4 - AGRICULTURE
PART 1 - TEXAS DEPARTMENT OF AGRICULTURE
CHAPTER 29 - ECONOMIC DEVELOPMENT
SUBCHAPTER B - RURAL ECONOMIC DEVELOPMENT CAPITAL FOR TEXAS PROGRAM
SECTION/RULE §29.31 - Prohibited Investments
Chapter Review Date 01/10/2017

Prohibited investments under the RED C4T Program include the following:(1) Grants or loans for activities that relate to lobbying activities, as such activities are defined under state or federal law;(2) Grants or loans to childcare facilities, including day cares and after-school programs;(3) Grants or loans for the refinancing of existing debt;(4) Grants or loans involving the acquisition or holding of passive investments, such as commercial real estate ownership;(5) Grants or loans for the repayment of delinquent federal or state income taxes;(6) Grants or loans for the repayment of payroll or sales taxes, or other taxes required to be held in trust or escrow;(7) Grants or loans that are, or are made in a manner that is, prohibited by federal or state laws that pertain to the investment of public money; and(8) Such other grants or loans that the Department may deem to be Prohibited Investments, as communicated by the Department to the Recipient from time to time.

Source Note: The provisions of this §29.31 adopted to be effective December 29, 2020, 45 TexReg 9409.

View Official Rule