Re-established as a revolving fund in the treasury from bond proceeds, application fees, loan repayments, guarantee fees, royalties, dividend income, appropriations, federal grants and any other authorized sources. Includes capital access program amounts transferred from the Economic Development Bank (GR Account 5106). The fund contains a program account, an interest and sinking account and other authorized accounts. Used for administration and to provide financing to aid in the development and production of new or improved products in this state.

Effective in 1987 by TEX. CONST. art. XVI, § 71; TEX. GOV'T CODE ANN. art. 481.22 to receive bond proceeds, loan repayments, guarantee fees, royalty receipts, dividend income and other amounts received from loans, loan guarantees and equity investments made under the Development of Products article, plus money acquired from federal grants or other sources, and required by resolution of the board to be deposited in the fund.

The fund was originally repealed by S.B. 932, 75th Leg., R.S. effective 9-1-97, but was recreated by S.B. 275, 78th Leg., R.S.

H.B. 3578, 83rd Leg., R.S. added transfers from GR Account 5106.