By: Hinojosa  S.B. No. 2209
         (In the Senate - Filed March 13, 2009; March 31, 2009, read
  first time and referred to Committee on Intergovernmental
  Relations; May 7, 2009, reported adversely, with favorable
  Committee Substitute by the following vote:  Yeas 4, Nays 0;
  May 7, 2009, sent to printer.)
  COMMITTEE SUBSTITUTE FOR S.B. No. 2209 By:  Gallegos
  relating to applications regarding the issuance of private activity
  bonds by certain governmental entities for projects with multiple
         SECTION 1.  Section 1372.002, Government Code, is amended by
  amending Subsection (a) and adding Subsection (e) to read as
         (a)  For purposes of this chapter, a project is:
               (1)  an eligible facility or facilities that are
  proposed to be financed, in whole or in part, by an issue of
  qualified residential rental project bonds;
               (2)  in connection with an issue of qualified mortgage
  bonds or qualified student loan bonds, the providing of financial
  assistance to qualified mortgagors or students located in all or
  any part of the jurisdiction of the issuer; or
               (3)  an eligible facility or facilities that are [is]
  proposed to be financed, in whole or in part, by an issue of bonds
  other than bonds described by Subdivision (1) or (2).
         (e)  For purposes of Subsection (a)(3), and only for
  applications for the financing of sewage facilities, solid waste
  disposal facilities, and qualified hazardous waste facilities, an
  application under this chapter may include multiple facilities in
  multiple jurisdictions.  In such an application, the number of
  facilities may be reduced as needed without affecting their status
  as a project for purposes of the application.
         SECTION 2.  Subsection (a), Section 1372.006, Government
  Code, is amended to read as follows:
         (a)  An application for a reservation under Subchapter B or a
  carryforward designation under Subchapter C must be accompanied by
  a nonrefundable fee in the amount of $500, except that:
               (1)  for projects that include multiple facilities
  authorized under Section 1372.002(e), the application must be
  accompanied by a nonrefundable fee in an amount of $500 for each
  facility included in the application for the project; and
               (2)  for issuers of qualified residential rental
  project bonds the application must be accompanied by a
  nonrefundable fee of $5,000, of which the board shall retain $1,000
  to offset the costs of the private activity bond allocation program
  and the administration of that program and of which the board shall
  transfer $4,000 through an interagency agreement to the Texas
  Department of Housing and Community Affairs for use in the
  affordable housing research and information program as provided by
  Section 2306.259.
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2009.
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