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SB 136, 64th R.S.
Creating a public agency of the state of Texas to be known as the Texas Housing Finance Agency, and prescribing its purposes; defining terms; authorizing the agency to issue revenue bonds to provide money for its purposes, including the providing of dwelling accommodations for persons of low income; prescribing the governing board, organization, functions, operation, powers, and duties of the agency; providing for the payment and security of the agency's bonds; prescribing the characteristics of the agency's bonds; providing for refunding the agency's bonds; creating a reserve fund for the agency's bonds, to be established with the state treasurer, and to be funded and maintained with bond proceeds or other resources of the agency; prescribing procedures for restoration of depletions of the reserve fund by appropriations; enacting other provisions relating to the subject; providing for the cumulative effect of the act; providing a severability clause.
Last action: Considered by committee in public hearing
Author: Bill Meier
HOUSING FINANCE AGENCY ACT, TEXAS
HOUSING FINANCE AGENCY, TEXAS
State Agencies, Boards & Commissions--Newly Proposed
Senate Committee: State Affairs ()
April 14 1975
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