By Ehrhardt H.B. No. 2516
76R6945 KEL-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to funding the housing trust fund.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 2306.201(b), Government Code, is amended
1-5 to read as follows:
1-6 (b) The fund consists of:
1-7 (1) appropriations or transfers made to the fund;
1-8 (2) unencumbered fund balances;
1-9 (3) public or private gifts or grants;
1-10 (4) investment income, including all interest,
1-11 dividends, capital gains, or other income from the investment of
1-12 any portion of the fund; [and]
1-13 (5) repayments received on loans made from the fund;
1-14 and
1-15 (6) funds from any other source.
1-16 SECTION 2. The importance of this legislation and the
1-17 crowded condition of the calendars in both houses create an
1-18 emergency and an imperative public necessity that the
1-19 constitutional rule requiring bills to be read on three several
1-20 days in each house be suspended, and this rule is hereby suspended,
1-21 and that this Act take effect and be in force from and after its
1-22 passage, and it is so enacted.