Senate approves changes to rural economic development program, tightens grant/loan caps

May 22, 2025

The Texas Senate passed House Bill 27 65 to expand eligibility and change administration of the Rural Economic Development and Investment Program and the Texas Economic Development Fund, including separate $1 million caps and new repayment rules; final passage was 26-5.

The full story

The Texas Senate passed House Bill 27 65 on final reading, changing how the Rural Economic Development and Investment Program and the Texas Economic Development Fund operate.

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