By Lucio S.B. No. 320
77R1073 KEL-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the continuation and functions of the Texas State
1-3 Affordable Housing Corporation.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 2306.5521, Government Code, is amended to
1-6 read as follows:
1-7 Sec. 2306.5521. SUNSET PROVISION. The Texas State Affordable
1-8 Housing Corporation is subject to Chapter 325 (Texas Sunset Act).
1-9 Unless continued in existence as provided by that chapter, the
1-10 corporation is abolished and this subchapter expires September 1,
1-11 2003 [2001].
1-12 SECTION 2. This Act takes effect immediately if it receives
1-13 a vote of two-thirds of all the members elected to each house, as
1-14 provided by Section 39, Article III, Texas Constitution. If this
1-15 Act does not receive the vote necessary for immediate effect, this
1-16 Act takes effect September 1, 2001.