By McClendon H.B. No. 3414
77R12485 QS-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the powers of public housing authorities regarding the
1-3 development and operation of housing projects.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 392.052(f), Local Government Code, is
1-6 amended to read as follows:
1-7 (f) An authority may take action necessary or desirable in
1-8 the undertaking, construction, maintenance, or operation of a
1-9 housing project, including action to:
1-10 (1) borrow money or accept grants or other financial
1-11 assistance from the federal government for, or in aid of, a housing
1-12 project in the authority's area of operation;
1-13 (2) take over, lease, or manage a housing project or
1-14 undertaking constructed or owned by the federal government; [and]
1-15 (3) comply with conditions and enter into mortgages,
1-16 trust indentures, leases, or agreements that are necessary,
1-17 convenient, or desirable to accomplish the public purposes of this
1-18 chapter;
1-19 (4) form a partnership or another legal entity to
1-20 raise capital for a housing project to be owned by the partnership
1-21 or other legal entity; and
1-22 (5) acquire, construct, lease, or manage commercial
1-23 space incidental to a mixed-finance housing project, as defined by
1-24 42 U.S.C. Section 1437z-7, if:
2-1 (A) the commercial space occupies less than 20
2-2 percent of the square footage of the housing project and can
2-3 reasonably be expected to be used by the residents of the housing
2-4 project; and
2-5 (B) the housing project is designed in a manner
2-6 that minimizes the noise, safety, and traffic impact of the
2-7 commercial space on the residential space.
2-8 SECTION 2. This Act takes effect September 1, 2001.