Section 365.6 - Loans in Excess of 20 YearsFor loans for which the average maturity exceeds 20 years, the applicant must provide the following information:
(1) a schedule, prepared by the applicant's engineer, which lists the major components of the project, the anticipated date of placement into service of the components, the estimated useful life, in years, of the components, and the average estimated useful life of the project; and(2) a certification by the applicant that the average weighted maturity of the obligations does not exceed 120% of the average estimated useful life of the project.31 Tex. Admin. Code § 365.6
Adopted to be effective January 1, 2002, 26 TexReg 11031; Transferred from T. 31, § 384.6 by Texas Register, Volume 45, Number 04, January 24, 2020, TexReg 593, eff. 2/15/2020