By:  Wilson                                           H.B. No. 1362
       73R5632 MLR-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the creation of the housing for the homeless fund
    1-3  within the Texas Department of Housing and Community Affairs.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Part 3, Article 4413(501), Revised Statutes, is
    1-6  amended by adding Section 3.16A to read as follows:
    1-7        Sec. 3.16A.  HOUSING FOR THE HOMELESS FUND.  (a)  In this
    1-8  section, "fund" means the housing for the homeless fund.
    1-9        (b)  The housing for the homeless fund is created in the
   1-10  state treasury.  Money in the fund may be appropriated only to
   1-11  provide grants to municipalities and counties to construct and
   1-12  equip facilities for the homeless.
   1-13        (c)  The proceeds of bonds issued under Section 3.24(i) of
   1-14  this article shall be deposited in the housing for the homeless
   1-15  fund.
   1-16        (d)  A municipality or county may apply to the agency for a
   1-17  grant from proceeds from bonds issued under Section 3.24(i) of this
   1-18  article.  The agency by rule shall establish procedures to apply
   1-19  for a grant under this section.
   1-20        (e)  A municipality or county may contract with a private
   1-21  nonprofit corporation, as defined by the Texas Non-Profit
   1-22  Corporation Act (Article  1396-1.01 et seq., Vernon's Texas Civil
   1-23  Statutes), to operate a facility constructed or equipped by a grant
   1-24  under this section.
    2-1        SECTION 2.  Section 3.24, Article 4413(501), Revised
    2-2  Statutes, is amended by adding Subsection (i) to read as follows:
    2-3        (i)  The agency may issue and sell bonds in an amount not to
    2-4  exceed $50 million for the purpose provided by Section 3.16A of
    2-5  this article.  The bonds may be issued, redeemed, or refunded in
    2-6  the manner provided by this article for other bonds.  The principal
    2-7  of and interest on bonds issued under this subsection shall be paid
    2-8  from money deposited in the reserve fund as provided by Section
    2-9  151.801, Tax Code.  The agency shall keep records of bonds issued
   2-10  under this subsection separate from records of other bonds the
   2-11  agency issues under this section.
   2-12        SECTION 3.  Section 151.801, Tax Code, is amended by amending
   2-13  Subsection (a) and by adding Subsection (e) to read as follows:
   2-14        (a)  Except for the amounts <amount> allocated under
   2-15  Subsections  <Subsection> (b) and (e) of this  section, all
   2-16  proceeds from the collection of the taxes imposed by this chapter
   2-17  shall be deposited to the credit of the general revenue fund.
   2-18        (e)  Eight-tenths of one percent of the proceeds from the
   2-19  collection of the taxes imposed by this chapter shall be deposited
   2-20  to the credit of the Texas Department of Housing and Community
   2-21  Affairs--Housing Finance Division Reserve Fund as created in
   2-22  Section 1.02(24), Article 4413(501), Revised Statutes.
   2-23        SECTION 4.  This Act takes effect September 1, 1993.
   2-24        SECTION 5.  The importance of this legislation and the
   2-25  crowded condition of the calendars in both houses create an
   2-26  emergency and an imperative public necessity that the
   2-27  constitutional rule requiring bills to be read on three several
    3-1  days in each house be suspended, and this rule is hereby suspended.