H.B. No. 1512
 
 
 
 
AN ACT
  relating to the administration of the owner-builder loan program.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2306.754(b), Government Code, is amended
  to read as follows:
         (b)  If it is not possible for an owner-builder to purchase
  necessary real property and build or rehabilitate adequate housing
  for $45,000, the owner-builder must obtain the amount necessary
  that exceeds $45,000 from other sources of funds.  [The total amount
  of amortized, repayable loans made by the department and other
  entities to an owner-builder under this subchapter may not exceed
  $90,000.]
         SECTION 2.  Section 2306.758, Government Code, is amended by
  amending Subsection (b) and adding Subsection (d) to read as
  follows:
         (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[; and
               [(3)     the owner-builder revolving loan fund
  established under Section 2306.7581].
         (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.
         SECTION 3.  Section 2306.7581, Government Code, is repealed.
         
         SECTION 4.  As soon as practicable after the effective date
  of this Act, the Texas Department of Housing and Community Affairs
  shall adopt rules necessary to implement Section 2306.754(b),
  Government Code, as amended by this Act.
         SECTION 5.  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, 2017.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 1512 was passed by the House on April
  20, 2017, by the following vote:  Yeas 143, Nays 1, 2 present, not
  voting; and that the House concurred in Senate amendments to H.B.
  No. 1512 on May 21, 2017, by the following vote:  Yeas 132, Nays 6,
  2 present, not voting.
 
  ______________________________
  Chief Clerk of the House   
 
         I certify that H.B. No. 1512 was passed by the Senate, with
  amendments, on May 18, 2017, by the following vote:  Yeas 24, Nays
  6.
 
  ______________________________
  Secretary of the Senate   
  APPROVED: __________________
                  Date       
   
           __________________
                Governor