Texas 2025 - 89th Regular

Texas House Bill HB4601 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R14050 JAM-D
2	2	By: Cortez H.B. No. 4601
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7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to the establishment of a down payment assistance grant
10	10	program for veterans purchasing manufactured homes and the
11	11	dedication of certain sales and use tax revenue to finance that
12	12	program.
13	13	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
14	14	SECTION 1. Subchapter B, Chapter 162, Natural Resources
15	15	Code, is amended by adding Section 162.0105 to read as follows:
16	16	Sec. 162.0105. DOWN PAYMENT ASSISTANCE GRANT PROGRAM. (a)
17	17	In this section, "manufactured home" has the meaning assigned by
18	18	Section 1201.003, Occupations Code.
19	19	(b) Using money from the manufactured home grant fund
20	20	established under Subsection (f), the board shall award to eligible
21	21	veterans grants to be used as down payment assistance for the
22	22	purchase of new manufactured homes.
23	23	(c) The board may award a grant under this section only in
24	24	accordance with a contract between the commission and a grant
25	25	recipient. The contract must include provisions under which the
26	26	board is granted sufficient control to ensure the public purpose of
27	27	providing affordable housing to veterans is accomplished and the
28	28	state receives the return benefit.
29	29	(d) To be eligible for a grant under this section, a person
30	30	must be a veteran at the time the person applies for the grant. If
31	31	an eligible veteran dies after filing an application, the surviving
32	32	spouse may complete the transaction.
33	33	(e) A manufactured home for which a grant is awarded under
34	34	this section may not be leased, transferred, sold, or conveyed in
35	35	whole or in part until the original veteran purchaser has occupied
36	36	the home as the veteran's principal residence for a period of three
37	37	years following the date of the purchase of the home and complied
38	38	with the terms and conditions of this section and the rules of the
39	39	board. After the three-year period, a home may be transferred,
40	40	sold, or conveyed if the terms and conditions of this section and
41	41	rules of the board have been met and the approval of the board has
42	42	been obtained. The board may waive the time limitation of this
43	43	subsection at any time the board considers a waiver to be in the
44	44	best interest of the grant program, including on the death,
45	45	bankruptcy, financial incapacity, or divorce of the veteran and
46	46	including when the veteran is forced to move due to a change in
47	47	employment or because the veteran's home is condemned through no
48	48	fault of the veteran. If the time limitation requirement of this
49	49	subsection is not met and the board does not waive the time
50	50	limitation as provided in this subsection, the board may provide in
51	51	its rules for the repayment of the grant or any other remedy as the
52	52	board considers appropriate.
53	53	(f) The manufactured home grant fund is established as a
54	54	special fund in the state treasury outside the general revenue
55	55	fund. The board shall administer the fund. The board may use money
56	56	in the fund only for the purposes of awarding grants under this
57	57	section and for paying the reasonable expenses of managing the fund
58	58	and its assets. The fund consists of:
59	59	(1) money transferred by the comptroller to the fund
60	60	under Section 158.059, Tax Code;
61	61	(2) money the legislature appropriates, credits, or
62	62	transfers to the fund;
63	63	(3) gifts and grants, including grants from the
64	64	federal government, and other donations received for the fund; and
65	65	(4) investment earnings and interest earned on amounts
66	66	credited to the fund.
67	67	(g) The board by rule shall establish:
68	68	(1) the value of a grant awarded under this section;
69	69	(2) income limits for a veteran's eligibility for a
70	70	grant awarded under this section; and
71	71	(3) any other provision necessary to implement this
72	72	section.
73	73	SECTION 2. The heading to Subchapter B, Chapter 158, Tax
74	74	Code, is amended to read as follows:
75	75	SUBCHAPTER B. IMPOSITION AND COLLECTION OF TAX; DISPOSITION OF TAX
76	76	PROCEEDS
77	77	SECTION 3. Subchapter B, Chapter 158, Tax Code, is amended
78	78	by adding Section 158.059 to read as follows:
79	79	Sec. 158.059. ALLOCATION OF REVENUE. The comptroller shall
80	80	deposit the revenue attributable to the taxes imposed by this
81	81	chapter as follows:
82	82	(1) 10 percent to the credit of the manufactured home
83	83	grant fund established under Section 162.0105, Natural Resources
84	84	Code; and
85	85	(2) the remainder to the credit of the general revenue
86	86	fund.
87	87	SECTION 4. Section 158.059, Tax Code, as added by this Act,
88	88	applies only to the allocation of tax proceeds received by the
89	89	comptroller of public accounts with a report that covers a period
90	90	beginning on or after September 1, 2025.
91	91	SECTION 5. This Act takes effect September 1, 2025.