{"data":{"id":"us-tx/tex.-government-code-481.457","jurisdiction":"us-tx","citation":"Tex. Government Code § 481.457","heading":"OVERSIGHT.","body":"(a) A community development financial institution participating in the program shall report quarterly to the bank:\n(1) the names of micro-businesses that have received a disaster recovery loan;\n(2) the current balance of all outstanding disaster recovery loans;\n(3) the default rate on existing disaster recovery loans; and\n(4) any other information the bank requires.\n(b) A community development financial institution participating in the program shall prepare a detailed financial statement each quarter and provide a copy to the bank.\n(c) A community development financial institution shall allow the bank to inspect the institution's financial records on request for purposes that relate to loans under the program.\nAdded by Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 1, eff. June 18, 2021.","path":["GOVERNMENT CODE","TITLE 4. EXECUTIVE BRANCH","SUBTITLE F. COMMERCE AND INDUSTRIAL DEVELOPMENT","CHAPTER 481. TEXAS ECONOMIC DEVELOPMENT AND TOURISM OFFICE","SUBCHAPTER CC. MICRO-BUSINESS DISASTER RECOVERY PROGRAM"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.481.htm#481.457","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"e3a7560c8446015ebb101cf865f6a2d6c96d2c7d9b910ebbd05651fbe37dde41","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-481.456","next":"us-tx/tex.-government-code-481.501"},"notice":"GroundRules: Original legal text. Not legal advice."}