Sec. 394.907. CORPORATION POWERS NOT RESTRICTED; POLICE POWERS NOT AFFECTED. (a) This chapter does not restrict or otherwise limit any powers that the housing finance corporation may otherwise exercise under the laws of this state.
(b) Except as provided by this chapter, no proceeding, notice, or approval is required for the organization of the housing finance corporation, the issuance of bonds, or the issuance of any instrument as security for the bonds.
(c) This chapter does not deprive this state or a governmental subdivision of this state of their respective police powers over property of the housing finance corporation and does not impair any power over the property that is otherwise provided by law to any official or agency of the state or its governmental subdivisions.
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