By:  Ellis                                            S.B. No. 1215
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the provision of multifamily residential housing
    1-2  development units for occupancy by individuals and families of low
    1-3  and very low income.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Chapter 2306, Government Code, is amended by
    1-6  adding Section 2306.184 to read as follows:
    1-7        Section 2306.184.  HOUSING FOR INDIVIDUALS AND FAMILIES OF
    1-8  LOW AND VERY LOW INCOME.  The department shall collect an annual
    1-9  fee equal to $10 per month per unit for each unit in a multifamily
   1-10  residential housing development built, renovated or refinanced
   1-11  under any program administered by the department or with the
   1-12  proceeds of tax exempt bonds, whether or not such bonds are private
   1-13  activity bonds, issued by or on behalf of any issuer in the state,
   1-14  if the multifamily residential housing development:  (1) contains
   1-15  at least 50 units; and (2) is financed or refinanced in whole or in
   1-16  part on or after the effective date of this Act.  The department
   1-17  shall collect the fee annually from the developer of the
   1-18  multifamily residential housing development.  The department shall
   1-19  deposit all funds received under this subsection to the credit of
   1-20  the Housing Trust Fund established under Section 2306.201.
   1-21        SECTION 2.  The importance of this legislation and the
   1-22  crowded condition of the calendars in both houses create an
   1-23  emergency and an imperative public necessity that the
    2-1  constitutional rule requiring bills to be read on three several
    2-2  days in each house be suspended, and this rule is hereby suspended,
    2-3  and that this Act take effect and be in force from and after its
    2-4  passage, and it is so enacted.