1-1     By:  Duncan                                           S.B. No. 1013
 1-2           (In the Senate - Filed March 8, 1999; March 10, 1999, read
 1-3     first time and referred to Committee on Intergovernmental
 1-4     Relations; April 6, 1999, reported favorably by the following vote:
 1-5     Yeas 5, Nays 0; April 6, 1999, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to increasing the flexibility in the types of projects
 1-9     which housing finance corporations may finance.
1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11           SECTION 1.  Subdivision (13), Section 394.003, Local
1-12     Government Code, is amended to read as follows:
1-13                 (13)  "Residential development" means the acquisition,
1-14     construction, reconstruction, rehabilitation, repair, alteration,
1-15     improvement, or extension of any of the following items or any
1-16     combination of the following items for the purpose of providing
1-17     decent, safe, and sanitary housing and nonhousing facilities that
1-18     are an integral part of or are functionally related to any
1-19     affordable [the] housing project, whether in one or multiple
1-20     locations:
1-21                       (A)  land, an interest in land, a building or
1-22     other structure, facility, system, fixture, improvement, addition,
1-23     appurtenance, or machinery or other equipment;
1-24                       (B)  real or personal property considered
1-25     necessary in connection with an item described by Paragraph (A); or
1-26                       (C)  real or personal property or improvements
1-27     functionally related and subordinate to an item described by
1-28     Paragraph (A).
1-29           SECTION 2.  This Act takes effect September 1, 1999.
1-30           SECTION 3.  The importance of this legislation and the
1-31     crowded condition of the calendars in both houses create an
1-32     emergency and an imperative public necessity that the
1-33     constitutional rule requiring bills to be read on three several
1-34     days in each house be suspended, and this rule is hereby suspended.
1-35                                  * * * * *