{"data":{"id":"us-tx/tex.-local-government-code-501.252","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 501.252","heading":"STATE STANDARDS AND GUIDELINES FOR LEASE, SALE, OR LOAN AGREEMENTS.","body":"(a) The economic development office shall adopt rules:\n(1) providing minimum standards for lease, sale, and loan agreements entered into under this subtitle; and\n(2) providing guidelines with respect to the business experience, financial resources, and responsibilities of the lessee, purchaser, or borrower under a lease, sale, or loan agreement entered into under this subtitle.\n(b) The economic development office may adopt rules governing the terms of a loan made by a corporation to a bank or other lending institution the proceeds of which are reloaned as permanent or temporary financing of a project.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS","SUBCHAPTER F. ADMINISTRATION BY ECONOMIC DEVELOPMENT OFFICE"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.501.htm#501.252","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"31049d9d241b20ace6a51250a41507c7b056ff0a15b44e9b72e94aa39556d3ea","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-501.251","next":"us-tx/tex.-local-government-code-501.253"},"notice":"GroundRules: Original legal text. Not legal advice."}