76R8681 DB-D
By Turner of Coleman H.B. No. 2040
Substitute the following for H.B. No. 2040:
By Turner of Coleman C.S.H.B. No. 2040
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the Texas veterans land program and the Texas veterans
1-3 housing assistance program.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 161.236, Natural Resources Code, is
1-6 amended to read as follows:
1-7 Sec. 161.236. NUMBER OF TRACTS PURCHASED. The board may
1-8 promulgate rules to determine the number of tracts of land that a
1-9 [No] veteran may purchase [more than one tract of land] under this
1-10 chapter.
1-11 SECTION 2. Section 162.011, Natural Resources Code, is
1-12 amended by amending Subsection (c) and adding Subsection (f) to
1-13 read as follows:
1-14 (c) The final principal payment on any loan under this
1-15 chapter shall be made not later than 40 years after the due date of
1-16 the loan. The board shall determine the maximum principal amount
1-17 of loans to any veteran that may be outstanding at any time, except
1-18 that amounts allocable to a home mortgage loan may not exceed the
1-19 maximum amount allowable for a similar home mortgage loan through
1-20 the United States Department of Veterans Affairs or any successor
1-21 agency [a loan under this chapter to a veteran to finance the
1-22 acquisition of a home may not exceed $45,000].
1-23 (f) The board may by rule determine, from time to time, the
1-24 number of loans that a veteran may receive under this chapter.
2-1 SECTION 3. The importance of this legislation and the
2-2 crowded condition of the calendars in both houses create an
2-3 emergency and an imperative public necessity that the
2-4 constitutional rule requiring bills to be read on three several
2-5 days in each house be suspended, and this rule is hereby suspended,
2-6 and that this Act take effect and be in force from and after its
2-7 passage, and it is so enacted.