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HB 1876, 66th R.S.

Authorizing cities and counties to create and utilize public nonprofit corporations for the purpose of providing a means of financing the cost of residential ownership and development that will provide decent, safe, and sanitary housing for residents; defining terms; prescribing the procedures for the creation, organization, and dissolution of a corporation; prescribing the powers of a corporation; providing for the issuance, payment, security, and characteristics of a corporation's bonds; providing for exemption from taxation of properties of a corporation; enacting other provisions relating to the subject; providing for the cumulative effect of the act; providing a severability clauses; and declaring an emergency.

Last action: Effective immediately

Author: David Cain
Sponsor: Bill Braecklein

Session Law Chapter:
Acts 1979, 66th R.S.,ch. 835, General and Special Laws of Texas

Companion:

SB 840 (Identical)

Bill Analyses:
Committee Report (House Study Group)

Subjects:
Corporations & Associations
HOUSING FINANCE CORPORATIONS ACT, TEXAS
Housing--Finance

House Committee: Business & Industry ()
Minutes: April 2 1979 | April 9 1979 | April 9 1979
Senate Committee: Human Resources ()

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