# 10 Tex. Admin. Code § 200.6: 10 TAC § 200.6. Ownership, Control, Investment of Loan Loss Reserve Account

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_6

## Section

- **Citation:** 10 Tex. Admin. Code § 200.6
- **Heading:** 10 TAC § 200.6. Ownership, Control, Investment of Loan Loss Reserve Account
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 10 COMMUNITY DEVELOPMENT / Part 5 OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT AND TOURISM OFFICE / Chapter 200 TEXAS SMALL BUSINESS CREDIT INITIATIVE / 10 TAC § 200.6

## Text

(a) All money in a Loan Loss Reserve Account established
 under this Program is property of the State of Texas.
(b) The state is entitled to all interest earned on
 the contributions made by the Office, Borrower, and PFI to the Loan
 Loss Reserve Account.
(c) In accordance with the Agreement, the Office may
 periodically withdraw the amount of interest earned from the funds
 in the Loan Loss Reserve Account.
(d) The Office shall deposit the amount withdrawn under
 subsection (c) of this section into an account designated by the Office.
(e) The Office may withdraw from a PFI's Loan Loss
 Reserve Account all interest earned in the Loan Loss Reserve Account
 and all contributions made by the Office to the account that relate
 to an Enrolled Loan if the Office discovers after enrollment that
 the Enrolled Loan involves a Borrower whose business activities violate
 or are contrary to the requirements of this chapter or the law or
 policies of this state or the United States.

## Nearby sections

- [10 Tex. Admin. Code § 200.1 10 TAC § 200.1. Texas Small Business Credit Initiative Capital Access Program Authority and Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_1.md)
- [10 Tex. Admin. Code § 200.2 10 TAC § 200.2. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_2.md)
- [10 Tex. Admin. Code § 200.3 10 TAC § 200.3. Program Application Procedure](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_3.md)
- [10 Tex. Admin. Code § 200.4 10 TAC § 200.4. Agreement](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_4.md)
- [10 Tex. Admin. Code § 200.5 10 TAC § 200.5. Establishment of a Loan Loss Reserve Account](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_5.md)
- [10 Tex. Admin. Code § 200.6 10 TAC § 200.6. Ownership, Control, Investment of Loan Loss Reserve Account](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_6.md)
- [10 Tex. Admin. Code § 200.7 10 TAC § 200.7. Qualified Loan Eligibility and Approval](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_7.md)
- [10 Tex. Admin. Code § 200.8 10 TAC § 200.8. Eligible and Restricted Uses of Texas Small Business Credit Initiative Capital Access Program Loan Proceeds](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_8.md)
- [10 Tex. Admin. Code § 200.9 10 TAC § 200.9. Contributions to Loan Loss Reserve](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_9.md)
- [10 Tex. Admin. Code § 200.10 10 TAC § 200.10. Procedure for Enrollment of a Qualified Loan](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_10.md)
- [10 Tex. Admin. Code § 200.11 10 TAC § 200.11. State Contributions to Loan Loss Reserve Accounts](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_11.md)
- [10 Tex. Admin. Code § 200.12 10 TAC § 200.12. Procedure for Making a Claim for Reimbursement for Charging Off of an Enrolled Loan](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_12.md)
- [10 Tex. Admin. Code § 200.13 10 TAC § 200.13. Payment of Claims by the Office](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_13.md)
- [10 Tex. Admin. Code § 200.14 10 TAC § 200.14. Recoveries on Loans Subsequent to Payment of Claim](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P5_C200_S200_6. Check the current official text before relying on it. Not legal advice.