Enrolled Bill Summary

House Bill 1007	House Author:  Ritter et al.
Effective:  5-27-05	Senate Sponsor:  Lucio

            House Bill 1007 amends the Government Code to expand the Fire Fighter and Police Home Loan Program to extend program eligibility to certain corrections officers, county jailers, and public security officers and accordingly changes the name of the program to the Fire Fighter and Law Enforcement or Security Officer Home Loan Program. The bill also amends the program's income eligibility requirements to allow persons in those positions who have an income of not more than 115 percent of the area median family income, adjusted for family size, or the maximum amount permitted by Section 143(f), Internal Revenue Code of 1986, whichever is greater, to receive a loan under this section. The bill provides clarification relating to the source of funding for the home loan program.