Sec. 2306.552. CREATION. (a) The existence of the Texas State Affordable Housing Corporation, or any similarly named corporation, begins on the date that the secretary of state issues the certificate of incorporation.
(b) The charter of the corporation must establish the corporation as nonprofit and specifically dedicate the corporation's activities to the public purpose authorized by this subchapter.
(c) The creation of the corporation does not limit or impair the rights, powers, and duties of the department under this chapter.
Added by Acts 1995, 74th Leg., ch. 76, Sec. 5.66(d), eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 980, Sec. 47, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter Y. Texas State Affordable Housing Corporation
Section 2306.5521. Sunset Provision
Section 2306.554. Board of Directors and Officers
Section 2306.5541. Terms of Members
Section 2306.5542. Removal of Members
Section 2306.5545. Conflict of Interest Policies
Section 2306.5546. Standards of Conduct
Section 2306.5547. Division of Responsibility
Section 2306.5548. Equal Employment Opportunity Policy
Section 2306.5549. Meetings of the Corporation's Board
Section 2306.5551. Board Delegation of Authority to Issue Bonds or Other Obligations
Section 2306.5552. Technical and Financial Assistance Provided to Nonprofit Organizations
Section 2306.5553. Historically Underutilized Businesses
Section 2306.5555. Public Access
Section 2306.556. Exempt From Taxation and Registration
Section 2306.557. Distribution of Earnings
Section 2306.558. Alteration and Termination
Section 2306.559. Reporting Requirements
Section 2306.5621. Homes for Texas Heroes Home Loan Program
Section 2306.563. Public Benefit Requirement
Section 2306.564. Review of Qualified 501(c)(3) Bond Issuance Policies
Section 2306.565. Issuance of Qualified Residential Rental Project Bonds; Allocation of Bond Funds
Section 2306.566. Coordination Regarding State Low Income Housing Plan
Section 2306.567. Compliance Information
Section 2306.5671. Compliance With Terms of Certain Contracts or Agreements