| 1 | 1 | | 81R26521 JAM-D |
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| 2 | 2 | | By: Davis of Dallas H.B. No. 3163 |
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| 3 | 3 | | Substitute the following for H.B. No. 3163: |
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| 4 | 4 | | By: Pierson C.S.H.B. No. 3163 |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to funding the housing trust fund. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 2306.201, Government Code, is amended by |
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| 12 | 12 | | amending Subsection (b) and adding Subsections (c), (d), (e), and |
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| 13 | 13 | | (f) to read as follows: |
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| 14 | 14 | | (b) The fund consists of: |
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| 15 | 15 | | (1) appropriations or transfers made to the fund; |
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| 16 | 16 | | (2) unencumbered fund balances; |
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| 17 | 17 | | (3) public or private gifts, [or] grants, or |
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| 18 | 18 | | donations; |
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| 19 | 19 | | (4) investment income, including all interest, |
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| 20 | 20 | | dividends, capital gains, or other income from the investment of |
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| 21 | 21 | | any portion of the fund; |
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| 22 | 22 | | (5) repayments received on loans made from the fund; |
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| 23 | 23 | | and |
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| 24 | 24 | | (6) funds from any other source. |
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| 25 | 25 | | (c) The department may accept gifts, grants, or donations |
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| 26 | 26 | | for the housing trust fund. All funds received for the housing trust |
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| 27 | 27 | | fund under Subsection (b) shall be deposited or transferred into |
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| 28 | 28 | | the Texas Treasury Safekeeping Trust Company. |
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| 29 | 29 | | (d) In addition to other amounts appropriated to the housing |
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| 30 | 30 | | trust fund by the 81st Legislature, Regular Session, the amount of |
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| 31 | 31 | | $10 million is appropriated out of the general revenue fund to the |
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| 32 | 32 | | housing trust fund for the state fiscal year ending August 31, 2010, |
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| 33 | 33 | | and the amount of $10 million is appropriated out of the general |
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| 34 | 34 | | revenue fund to the housing trust fund for the state fiscal year |
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| 35 | 35 | | ending August 31, 2011. |
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| 36 | 36 | | (e) The appropriations made by Senate Bill 1, Acts of the |
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| 37 | 37 | | 81st Legislature, Regular Session, 2009 (the General |
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| 38 | 38 | | Appropriations Act), out of the general revenue fund to the |
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| 39 | 39 | | Department of Information Resources are reduced by $10 million for |
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| 40 | 40 | | the state fiscal year ending August 31, 2010, and are reduced by $10 |
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| 41 | 41 | | million for the state fiscal year ending August 31, 2011. |
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| 42 | 42 | | (f) This subsection and Subsections (d) and (e) expire |
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| 43 | 43 | | September 1, 2012. |
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| 44 | 44 | | SECTION 2. To the extent of conflict and regardless of the |
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| 45 | 45 | | relative dates of enactment, this Act prevails over any other Act |
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| 46 | 46 | | enacted by the 81st Legislature, Regular Session, 2009. |
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| 47 | 47 | | SECTION 3. This Act takes effect September 1, 2009. |
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