The board may require an initial payment on a loan or may require an investment in the land by the loan recipient in an amount set by the board by rule.
Tex. Nat. Res. Code § 161.506
INITIAL PAYMENT OR EQUITY
Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, 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.