Bill Text: TX SB1730 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the administration by the General Land Office of money allocated to this state from the national Housing Trust Fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-03-24 - Referred to Intergovernmental Relations [SB1730 Detail]
Download: Texas-2015-SB1730-Introduced.html
84R11237 JAM-D | ||
By: Lucio | S.B. No. 1730 |
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relating to the administration by the General Land Office of money | ||
allocated to this state from the national Housing Trust Fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter C, Chapter 31, Natural Resources | ||
Code, is amended by adding Section 31.069 to read as follows: | ||
Sec. 31.069. ADMINISTRATION OF MONEY RECEIVED FROM NATIONAL | ||
HOUSING TRUST FUND. (a) In this section: | ||
(1) "Individuals and families of extremely low income" | ||
and "individuals and families of very low income" have the meanings | ||
assigned by Section 2306.004, Government Code. | ||
(2) "National Housing Trust Fund" means the national | ||
Housing Trust Fund established under Section 1338(c) of the Federal | ||
Housing Enterprises Financial Safety and Soundness Act of 1992 (12 | ||
U.S.C. Section 4568(c)). | ||
(b) The land office shall: | ||
(1) administer a program to distribute money allocated | ||
to this state from the national Housing Trust Fund; and | ||
(2) adopt rules necessary to fulfill its obligations | ||
under this section. | ||
(c) Rules adopted under this section must: | ||
(1) establish requirements for individuals and | ||
families of extremely low income and individuals and families of | ||
very low income to establish eligibility for the receipt of money | ||
distributed under this section; | ||
(2) require the land office to annually adopt an | ||
allocation plan establishing how money will be distributed under | ||
this section; and | ||
(3) ensure that the distribution of money by the land | ||
office under this section complies with 24 C.F.R. Part 93. | ||
(d) An allocation plan adopted by the land office under this | ||
section must: | ||
(1) establish a competitive process for the | ||
distribution of money under this section; | ||
(2) provide for distribution of the money throughout | ||
the state in a manner that is consistent with the priority needs | ||
established in the consolidated plan submitted annually by the | ||
state to the United States Department of Housing and Urban | ||
Development; and | ||
(3) give priority to projects that: | ||
(A) will cap the rent and utility payments of a | ||
resident to not more than 30 percent of that resident's income; | ||
(B) will maintain affordability beyond the | ||
minimum period required; and | ||
(C) meet other requirements established by the | ||
land office. | ||
SECTION 2. Not later than February 1, 2016, the General Land | ||
Office shall adopt rules as required by Section 31.069, Natural | ||
Resources Code, as added by this Act. | ||
SECTION 3. This Act takes effect September 1, 2015. |