ADVANCE OF MONEY
Known as the Texas Savings and Loan Supplemental Fund Act
The act spans §§ 273–273 (44 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
(a) The corporation shall advance money on terms the board may establish to directly aid or to provide special services for a member association under conservatorship so the association may continue to operate and maintain solvency.
(b) The corporation may charge interest on the money it advances under this section.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.