1-1 By: Carter (Senate Sponsor - Carona) H.B. No. 2398
1-2 (In the Senate - Received from the House April 9, 1999;
1-3 April 12, 1999, read first time and referred to Committee on
1-4 Intergovernmental Relations; April 29, 1999, reported favorably by
1-5 the following vote: Yeas 4, Nays 0; April 29, 1999, sent to
1-6 printer.)
1-7 A BILL TO BE ENTITLED
1-8 AN ACT
1-9 relating to funding the housing trust fund.
1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Section 2306.201(b), Government Code, is amended
1-12 to read as follows:
1-13 (b) The fund consists of:
1-14 (1) appropriations or transfers made to the fund;
1-15 (2) unencumbered fund balances;
1-16 (3) public or private gifts or grants;
1-17 (4) investment income, including all interest,
1-18 dividends, capital gains, or other income from the investment of
1-19 any portion of the fund; [and]
1-20 (5) repayments received on loans made from the fund;
1-21 and
1-22 (6) funds from any other source.
1-23 SECTION 2. The importance of this legislation and the
1-24 crowded condition of the calendars in both houses create an
1-25 emergency and an imperative public necessity that the
1-26 constitutional rule requiring bills to be read on three several
1-27 days in each house be suspended, and this rule is hereby suspended,
1-28 and that this Act take effect and be in force from and after its
1-29 passage, and it is so enacted.
1-30 * * * * *