Relating to a disaster recovery loan program for small and micro-businesses.

HB 109 creates a state-funded disaster recovery loan program to help Texas small businesses (20-100 employees) and micro-businesses access capital after declared disasters. The program provides zero-interest loans to community development financial institutions (CDFIs), which then make interest-bearing loans directly to qualifying businesses. To qualify, businesses must be Texas-based (with 51% of employees in the state), for-profit, independently owned, and have difficulty accessing capital post-disaster. The program uses funds from a dedicated state account in the general revenue fund to support these loans, aiming to stabilize local economies and job creation after emergencies.