By:  Ellis                                            S.B. No. 1211
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the provision of multifamily residential development
    1-2  units by local governments for occupancy by individuals and
    1-3  families of low and very low income.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Subchapter 2, Chapter 394, Local Government Code,
    1-6  is amended by adding Section 394.908 to read as follows:
    1-7        Sec. 394.908.  Housing for Individuals and Families of Low
    1-8  and Very Low Income
    1-9        The housing finance corporation shall provide for collection
   1-10  of an annual fee equal to $10 per month per unit for each unit in a
   1-11  multifamily residential development built, renovated or refinanced
   1-12  under any provision of this chapter if the multifamily residential
   1-13  development:  (1) contains at least 50 units; and (2) is financed
   1-14  or refinanced in whole or in part under any provision of this
   1-15  chapter on or after the effective date of this Act.  The
   1-16  corporation shall require by contract that the developer of the
   1-17  multifamily residential development pay such fee annually to the
   1-18  Texas Department of Housing and Community affairs for deposit into
   1-19  the Housing Trust Fund established under Section 2306.201, Texas
   1-20  Government Code.  The department shall deposit all funds received
   1-21  under this subsection to the credit of the Housing Trust Fund to be
   1-22  used to provide housing for individuals and families of low and
   1-23  very low income.
    2-1        (c)  The governing body of the local government that
    2-2  authorizes, sponsors, or otherwise participates in the creation of
    2-3  the housing finance corporation shall cooperate with the Texas
    2-4  Department of Housing and Community Affairs to implement this
    2-5  section and shall submit to the department an annual report
    2-6  relating to the number of developments financed or refinanced under
    2-7  this chapter, the number of units reserved in accordance with this
    2-8  section for individuals and families of low and very low income,
    2-9  the amount of fees contracted for, and other information required
   2-10  by the department.
   2-11        SECTION 2.  The importance of this legislation and the
   2-12  crowded condition of the calendars in both houses create an
   2-13  emergency and an imperative public necessity that the
   2-14  constitutional rule requiring bills to be read on three several
   2-15  days in each house be suspended, and this rule is hereby suspended,
   2-16  and that this Act take effect and be in force from and after its
   2-17  passage, and it is so enacted.