By Turner of Coleman H.B. No. 2040
Line and page numbers may not match official copy.
Bill not drafted by TLC or Senate E&E.
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(c), Natural Resources Code, is
1-12 amended to read as follows:
1-13 (c) The final principal payment on any loan under this
1-14 chapter shall be made not later than 40 years after the due date of
1-15 the loan. The board shall determine the maximum principal amount
1-16 of loans to any veteran that may be outstanding at any time,
1-17 provided that such amounts allocable to any home mortgage loan may
1-18 not exceed the maximum amount allowable for any such loan through
1-19 the United States Department of Veterans Affairs or any successor
1-20 agency [except that a loan under this chapter to a veteran to
1-21 finance the acquisition of a home may not exceed $45,000].
2-1 SECTION 3. Section 162.011, Natural Resources Code, is
2-2 amended by adding a new Subsection (f) to read as follows:
2-3 (f) The board may by rule determine, from time to time, the
2-4 number of loans that a veteran may receive under this chapter.
2-5 SECTION 4. The importance of this legislation and the
2-6 crowded condition of the calendars in both houses create an
2-7 emergency and an imperative public necessity that the
2-8 constitutional rule requiring bills to be read on three several
2-9 days in each house be suspended, and this rule is hereby suspended,
2-10 and that this act take effect and be in force from and after its
2-11 passage, and it is so enacted.