Texas Constitution:Article III, Section 49-i: Difference between revisions

'''(a) The Legislature by law may provide for the issuance of general obligation bonds of the state for the purpose of providing money to establish a Texas Agricultural Fund in the state treasury to be used without further appropriation in the manner provided by law and for the purpose of providing money to establish a Rural Microenterprise Development Fund in the state treasury to be used without further appropriation in the manner provided by law. The Texas Agricultural Fund shall be used only to provide financial assistance to develop, increase, improve, or expand the production, processing, marketing, or export of crops or products grown or produced primarily in this state by agricultural businesses domiciled in the state. The Rural Microenterprise Development Fund shall be used only in furtherance of a program established by the Legislature to foster and stimulate the creation and expansion of small businesses in rural areas. The financial assistance offered by both funds may include loan guarantees, insurance, coinsurance, loans, and indirect loans or purchases or acceptances of assignments of loans or other obligations.'''