Texas Human Resources Code

§ 136.009 — RULES

HR § 136.009Title 9. HEALTH AND HUMAN SERVICES · Ch. 136. TEXAS COMMUNITY HEALTH CENTER REVOLVING LOAN

Statute text

(a)The executive commissioner shall adopt rules to administer this chapter, including rules that require:

(1)the commission to review the lending and servicing practices of a development corporation to ensure the practices conform to generally accepted accounting principles;

(2)an eligible community health center to enter into an agreement with the development corporation that states the terms of the loan made to the center;

(3)the development corporation to provide to the commission semiannual reports giving details of the status of each loan made under the program;

(4)the development corporation to require annual audits of community health centers receiving loans under the program; and

(5)the commission to provide oversight of the development corporation as necessary to qualify the development corporation for loan guarantees from federal and state programs.

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Legislative history

Acts 2015, 84th Leg., R.S., Ch. 1 (S.B. 219), Sec. 4.439, eff. April 2, 2015.