All income received on a loan made with money received under the program is the property of the development corporation. Income received on a loan includes the payment of interest by a borrower and the administrative fees assessed by the development corporation.
Tex. Hum. Res. Code § 136.008
INCOME FROM LOAN
Added by Acts 2001, 77th Leg., ch. 878, 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.