10 Tex. Admin. Code § 201.5 - Disaster Recovery Loan Requirements
(a) A Disaster Recovery Loan may only be made to a Micro-Business that:
(1) is in good standing under the laws of this state; and
(2) did not owe delinquent taxes to a taxing unit of this state before the date of the initial issuance of the Declared Disaster.
(b) A Disaster Recovery Loan may not be made to a Micro-Business that:
(1) has total revenue that exceeds the amount for which no franchise tax is due under Tax Code §
171.002(d)(2);
(2) is a franchise;
(3) is a national chain with operations in this state;
(4) is a lobbying firm; or
(5) is a private equity firm or backed by a private equity firm.
Notes
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