AN ACT
 1-1     relating to increasing the flexibility in the types of projects
 1-2     which housing finance corporations may finance.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Subdivision (13), Section 394.003, Local
 1-5     Government Code, is amended to read as follows:
 1-6                 (13)  "Residential development" means the acquisition,
 1-7     construction, reconstruction, rehabilitation, repair, alteration,
 1-8     improvement, or extension of any of the following items or any
 1-9     combination of the following items for the purpose of providing
1-10     decent, safe, and sanitary housing and nonhousing facilities that
1-11     are an integral part of or are functionally related to any
1-12     affordable [the] housing project, whether in one or multiple
1-13     locations:
1-14                       (A)  land, an interest in land, a building or
1-15     other structure, facility, system, fixture, improvement, addition,
1-16     appurtenance, or machinery or other equipment;
1-17                       (B)  real or personal property considered
1-18     necessary in connection with an item described by Paragraph (A); or
1-19                       (C)  real or personal property or improvements
1-20     functionally related and subordinate to an item described by
1-21     Paragraph (A).
1-22           SECTION 2.  This Act takes effect September 1, 1999.
1-23           SECTION 3.  The importance of this legislation and the
1-24     crowded condition of the calendars in both houses create an
 2-1     emergency and an imperative public necessity that the
 2-2     constitutional rule requiring bills to be read on three several
 2-3     days in each house be suspended, and this rule is hereby suspended.
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I hereby certify that S.B. No. 1013 passed the Senate on
         April 15, 1999, by the following vote:  Yeas 30, Nays 0.
                                             _______________________________
                                                 Secretary of the Senate
               I hereby certify that S.B. No. 1013 passed the House on
         May 26, 1999, by a non-record vote.
                                             _______________________________
                                                 Chief Clerk of the House
         Approved:
         _______________________________
                     Date
         _______________________________
                   Governor