Section 2304.066 - Disbursement of Loan Funds(a) The executive director of the department shall authorize the comptroller to disburse to a local government from the housing rehabilitation loan fund the amount of a housing rehabilitation loan approved by the local government under this chapter if the department receives from the local government a notice of the local government's approval of the loan.(b) The executive director may not authorize the disbursement of funds for a housing rehabilitation loan if: (1) the department finds that the local government that approved the loan is not making a good faith effort to substantially comply with the applicable housing rehabilitation area plan or the rules adopted by the department; or(2) the remaining part of the fund allocated to the local government under Section 2304.008 is insufficient to allow the payment of the approved amount.Tex. Gov't. Code § 2304.066
Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.73, eff. 9/1/1997.Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.