Bill Text: TX SB849 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to certain qualified residential rental assistance projects financed by private activity bonds.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2021-03-11 - Referred to Local Government [SB849 Detail]
Download: Texas-2021-SB849-Introduced.html
| 87R8867 JAM-F | ||
| By: Blanco | S.B. No. 849 | |
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| relating to certain qualified residential rental assistance | ||
| projects financed by private activity bonds. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1372.002(f), Government Code, is amended | ||
| to read as follows: | ||
| (f) Notwithstanding Subsection (c), an applicant to which | ||
| this subsection applies may aggregate more than one qualified | ||
| residential rental project into a single, combined project as part | ||
| of the participation of the housing authority for the applicable | ||
| municipality in: | ||
| (1) the Rental Assistance Demonstration program | ||
| administered by the United States Department of Housing and Urban | ||
| Development, as specified by the Consolidated and Further | ||
| Continuing Appropriations Act of 2012 (Pub. L. No. 112-55) and its | ||
| subsequent amendments, if the combined project is related to the | ||
| municipal housing authority's conversion of public housing units as | ||
| permitted under that program; or | ||
| (2) another program administered by the United States | ||
| Department of Housing and Urban Development if the combined project | ||
| is related to the purpose of the program. | ||
| SECTION 2. 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, 2021. | ||
