yourstate.us
Tex. Government Code § 2306.758

FUNDING

Texas · Texas Government Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Government Code § 2306.758, FUNDING, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/664296
Permanent ID
ys:prov:664296@1
SHA-256
b284e038ce6b61f982f66f859f584d7e4709e42005263c17dd677059da47d304

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) The department shall solicit gifts and grants to make loans under this subchapter. (b) The department may also make loans under this subchapter from: (1) available funds in the housing trust fund established under Section 2306.201; and (2) federal block grants that may be used for the purposes of this subchapter. (c) In a state fiscal year, the department may use not more than 10 percent of the revenue available for purposes of this subchapter to enhance the ability of tax-exempt organizations described by Section 2306.755(a) to implement the purposes of this chapter and to enhance the number of such organizations that are able to implement those purposes. The department shall use that available revenue to provide financial assistance, technical training, and management support for the purposes of this subsection. (d) All money received by the department as part of the owner-builder loan program under this subchapter, including any amount received by the department for payment of the principal of or interest on a loan made under this subchapter, shall be deposited in the housing trust fund established under Section 2306.201 to be used to carry out the purposes of this subchapter. If the money to be received by the department for a state fiscal year for payment of the principal of or interest on a loan made under this subchapter is less than $3 million for a state fiscal year, the department shall use any available source of money in the housing trust fund to ensure that not less than $3 million is used for the owner-builder loan program each state fiscal year.