Sec. 394.903. LOCATION OF RESIDENTIAL DEVELOPMENT; RESIDENTIAL DEVELOPMENT SITES. (a) A residential development covered by this chapter must be located within the local government.
(b) The local government may transfer any residential development site to a housing finance corporation by sale or lease. The governing body of the local government may authorize the transfer by resolution without submitting the issue to the voters and without regard to the requirements, restrictions, limitations, or other provisions contained in any other general, special, or local law. The site may be located wholly or partly inside or outside the local government.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle C - Planning and Development Provisions Applying to More Than One Type of Local Government
Chapter 394 - Housing Finance Corporations in Municipalities and Counties
Subchapter Z. Miscellaneous Provisions
Section 394.901. Designation of Area as Economically Depressed or Blighted; Notice
Section 394.902. Housing for Elderly
Section 394.9025. Multifamily Residential Development
Section 394.903. Location of Residential Development; Residential Development Sites
Section 394.904. Exemption From Requirements and Restrictions Applying to Public Property
Section 394.905. Exemption From Taxation
Section 394.906. Conditions Under Which Federal Guarantee or Home Mortgage Insurance Not Required
Section 394.907. Corporation Powers Not Restricted; Police Powers Not Affected