Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Agriculture Code § 58.074: STATE LIABILITY PROHIBITED.

Where this section sits in the code

AGRICULTURE CODE
TITLE 4. AGRICULTURAL ORGANIZATIONS
CHAPTER 58. AGRICULTURAL FINANCE AUTHORITY
SUBCHAPTER F. FARMER INTEREST RATE REDUCTION PROGRAM

The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made under this subchapter. A delay in payment or default on a loan by a borrower does not affect the validity of the deposit agreement. Linked deposits are not an extension of the state's credit within the meaning of any state constitutional prohibition.

Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.16, eff. September 1, 2009.

Collected 2026-08-27T01:46:50Z. Source file · JSON

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