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A BILL TO BE ENTITLED
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AN ACT
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relating to certain rental assistance projects financed by private |
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activity bonds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1372.002, Government Code, is amended by |
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adding Subsection (f) to read as follows: |
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(f) Notwithstanding Subsection (c), an applicant may |
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combine more than one qualified residential rental project into a |
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single project as part of a housing authority's participation in |
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the United States Department of Housing and Urban Development's |
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Rental Assistance Demonstration program if the project is related |
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to the conversion of the housing authority's public housing units |
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as permitted under that program and if the applicant: |
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(1) was created by a municipal housing authority |
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established under Chapter 392, Local Government Code; |
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(2) is located in a city that borders Mexico; and |
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(3) is situated in a county that borders Mexico with a |
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population greater than 800,000. |
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SECTION 2. This Act takes effect September 1, 2015. |