This law allows the Texas legislature to create a product development fund aimed at supporting the development of new or improved products within the state. It enables the use of funds for loans and guarantees to facilitate this program without needing further appropriation.
Establishes a fund for product development in Texas.
Allows loans and guarantees to support product innovation.
No further appropriation needed for fund usage.
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In simple terms: Learn about Texas's law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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