Government Code › Title 4 › Chapter 481 › Subchapter DD

Texas Government Code § 481.504

Security for Loans

Texas Economic Development and Tourism Office · Defense Community Assistance

In addition to any other security provided by law, if a defense community defaults on a loan, a state agency making a loan to the defense community for a project described by Section 481.502(a) may foreclose under a loan agreement in the manner provided by law for foreclosure and liquidate any collateral provided under the loan agreement to recover any outstanding debt.

Official text of the Texas Government Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2003, 78th Leg., ch. 362, Sec. 1, eff. June 18, 2003.

This section refers to

§ 481.502