The bank's designation of a qualified business as a defense readjustment project is effective until the fifth anniversary of the date on which the designation is made regardless of whether the readjustment zone in which the project is located expires before the fifth anniversary of the project.
Tex. Gov't Code § 2310.308
DURATION OF CERTAIN DESIGNATIONS
Added by Acts 1997, 75th Leg., ch. 114, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.