| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to funding the housing trust fund. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 2306.201, Government Code, is amended by |
|
|
amending Subsection (b) and adding Subsections (c), (d), (e), and |
|
|
(f) to read as follows: |
|
|
(b) The fund consists of: |
|
|
(1) appropriations or transfers made to the fund; |
|
|
(2) unencumbered fund balances; |
|
|
(3) public or private gifts, [or] grants, or |
|
|
donations; |
|
|
(4) investment income, including all interest, |
|
|
dividends, capital gains, or other income from the investment of |
|
|
any portion of the fund; |
|
|
(5) repayments received on loans made from the fund; |
|
|
and |
|
|
(6) funds from any other source. |
|
|
(c) The department may accept gifts, grants, or donations |
|
|
for the housing trust fund. All funds received for the housing trust |
|
|
fund under Subsection (b) shall be deposited or transferred into |
|
|
the Texas Treasury Safekeeping Trust Company. |
|
|
(d) In addition to other amounts appropriated to the housing |
|
|
trust fund by the 81st Legislature, Regular Session, the amount of |
|
|
$10 million is appropriated out of the general revenue fund to the |
|
|
housing trust fund for the state fiscal year ending August 31, 2010, |
|
|
and the amount of $10 million is appropriated out of the general |
|
|
revenue fund to the housing trust fund for the state fiscal year |
|
|
ending August 31, 2011. |
|
|
(e) The appropriations made by Senate Bill 1, Acts of the |
|
|
81st Legislature, Regular Session, 2009 (the General |
|
|
Appropriations Act), out of the general revenue fund to the |
|
|
Department of Information Resources are reduced by $10 million for |
|
|
the state fiscal year ending August 31, 2010, and are reduced by $10 |
|
|
million for the state fiscal year ending August 31, 2011. |
|
|
(f) This subsection and Subsections (d) and (e) expire |
|
|
September 1, 2012. |
|
|
SECTION 2. To the extent of conflict and regardless of the |
|
|
relative dates of enactment, this Act prevails over any other Act |
|
|
enacted by the 81st Legislature, Regular Session, 2009. |
|
|
SECTION 3. This Act takes effect September 1, 2009. |