Sec. 2306.226. INTEREST RATES. (a) The board shall set the interest rates at which the housing finance division makes loans and loan commitments.
(b) The interest rates shall be set to produce, when combined with other available funds, at least the amounts required to pay for the housing finance division's costs of operation and to meet its covenants with and responsibilities to the holders of its 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 J. Housing Finance Division: Loan Terms and Conditions
Section 2306.221. Housing Development Loans
Section 2306.222. Contracts and Agreements Regarding Housing Developments
Section 2306.223. Criteria for Financing Housing Development of Housing Sponsor
Section 2306.224. Loan Terms and Conditions
Section 2306.225. Ratio of Loan to Development Cost; Amortization Period
Section 2306.226. Interest Rates
Section 2306.227. Prepayment of Mortgage Loans
Section 2306.229. Documents Supporting Mortgage Loans
Section 2306.230. Agreements Regarding Certain Limitations on Housing Sponsors
Section 2306.231. Loan Conditions Relating to Department Powers