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A BILL TO BE ENTITLED
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AN ACT
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relating to the administration by the General Land Office of money |
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allocated to this state from the national Housing Trust Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 31, Natural Resources |
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Code, is amended by adding Section 31.069 to read as follows: |
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Sec. 31.069. ADMINISTRATION OF MONEY RECEIVED FROM NATIONAL |
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HOUSING TRUST FUND. (a) In this section: |
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(1) "Individuals and families of extremely low income" |
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and "individuals and families of very low income" have the meanings |
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assigned by Section 2306.004, Government Code. |
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(2) "National Housing Trust Fund" means the national |
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Housing Trust Fund established under Section 1338(c) of the Federal |
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Housing Enterprises Financial Safety and Soundness Act of 1992 (12 |
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U.S.C. Section 4568(c)). |
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(b) The land office shall: |
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(1) administer a program to distribute money allocated |
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to this state from the national Housing Trust Fund; and |
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(2) adopt rules necessary to fulfill its obligations |
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under this section. |
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(c) Rules adopted under this section must: |
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(1) establish requirements for individuals and |
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families of extremely low income and individuals and families of |
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very low income to establish eligibility for the receipt of money |
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distributed under this section; |
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(2) require the land office to annually adopt an |
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allocation plan establishing how money will be distributed under |
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this section; and |
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(3) ensure that the distribution of money by the land |
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office under this section complies with 24 C.F.R. Part 93. |
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(d) An allocation plan adopted by the land office under this |
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section must: |
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(1) establish a competitive process for the |
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distribution of money under this section; |
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(2) provide for distribution of the money throughout |
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the state in a manner that is consistent with the priority needs |
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established in the consolidated plan submitted annually by the |
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state to the United States Department of Housing and Urban |
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Development; and |
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(3) give priority to projects that: |
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(A) will cap the rent and utility payments of a |
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resident to not more than 30 percent of that resident's income; |
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(B) will maintain affordability beyond the |
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minimum period required; and |
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(C) meet other requirements established by the |
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land office. |
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SECTION 2. Not later than February 1, 2016, the General Land |
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Office shall adopt rules as required by Section 31.069, Natural |
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Resources Code, as added by this Act. |
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SECTION 3. This Act takes effect September 1, 2015. |