Sec. 2306.144. FEES FOR SERVICES AND FACILITIES; PAYMENT OF DEPARTMENT OBLIGATIONS AND EXPENSES. (a) It is the duty of the board to establish and collect sufficient fees for services and facilities.
(b) The board shall use available sources of revenue, income, and receipts to:
(1) pay all expenses of the department's operation and maintenance;
(2) pay the principal and interest on department bonds; and
(3) create and maintain the reserves or funds provided by each resolution authorizing the issuance of department bonds.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter G. Housing Finance Division: General Powers and Duties of Board
Section 2306.142. Authorization of Bonds
Section 2306.143. Alternative to Subprime Lender List
Section 2306.144. Fees for Services and Facilities; Payment of Department Obligations and Expenses
Section 2306.145. Loan Procedures
Section 2306.146. Interest Rates and Amortization Schedules
Section 2306.147. Fees and Penalties
Section 2306.148. Underwriting Standards
Section 2306.149. Approved Mortgage Lenders
Section 2306.150. Property Standards