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A BILL TO BE ENTITLED
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AN ACT
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relating to certain qualified residential rental assistance |
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projects financed by private activity bonds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1372.002(f), Government Code, is amended |
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to read as follows: |
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(f) Notwithstanding Subsection (c), an applicant to which |
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this subsection applies may aggregate more than one qualified |
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residential rental project into a single, combined project as part |
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of the participation of the housing authority for the applicable |
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municipality in: |
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(1) the Rental Assistance Demonstration program |
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administered by the United States Department of Housing and Urban |
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Development, as specified by the Consolidated and Further |
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Continuing Appropriations Act of 2012 (Pub. L. No. 112-55) and its |
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subsequent amendments, if the combined project is related to the |
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municipal housing authority's conversion of public housing units as |
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permitted under that program; or |
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(2) another program administered by the United States |
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Department of Housing and Urban Development if the combined project |
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is related to the purpose of the program. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2021. |