Bill Text: TX SB1838 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the transfer of housing funds from the Texas Department of Housing and Community Affairs to the Texas Veterans Commission.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-04-06 - Left pending in committee [SB1838 Detail]
Download: Texas-2011-SB1838-Introduced.html
By: Van de Putte | S.B. No. 1838 | |
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relating to the transfer of housing funds from the Texas Department | ||
of Housing and Community Affairs to the Texas Veterans Commission. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2306.202(a), Government Code, is amended | ||
to read as follows: | ||
Sec. 2306.202. USE OF HOUSING TRUST FUND. (a) The | ||
department, through the housing finance division, shall use the | ||
housing trust fund to provide loans, grants, or other comparable | ||
forms of assistance to local units of government, public housing | ||
authorities, nonprofit organizations, and income-eligible | ||
individuals, families, and households to finance, acquire, | ||
rehabilitate, and develop decent, safe, and sanitary housing. In | ||
each biennium the first $2.6 million available through the housing | ||
trust fund for loans, grants, or other comparable forms of | ||
assistance shall be set aside and made available exclusively for | ||
local units of government, public housing authorities, and | ||
nonprofit organizations; the next $4 million in each biennium shall | ||
transfer to the Texas Veterans Commission for the Veterans Housing | ||
Assistance Program. Any additional funds may also be made | ||
available to for-profit organizations provided that at least 45 | ||
percent of available funds, as determined on September 1 of each | ||
state fiscal year, in excess of the first $2.6 million shall be made | ||
available to nonprofit organizations for the purpose of acquiring, | ||
rehabilitating, and developing decent, safe, and sanitary housing. | ||
The remaining portion shall be distributed to nonprofit | ||
organizations, for-profit organizations, and other eligible | ||
entities. Notwithstanding any other section of this chapter, but | ||
subject to the limitations in Section 2306.251(c), the department | ||
may also use the fund to acquire property to endow the fund. | ||
SECTION 2. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2011. |