87R8867 JAM-F
By: Moody H.B. No. 2175
A BILL TO BE ENTITLED
AN ACT
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.