Bill Text: TX HJR188 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Proposing a constitutional amendment creating the workforce housing fund to facilitate the development of affordable workforce housing.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-03-23 - Referred to Urban Affairs [HJR188 Detail]
Download: Texas-2023-HJR188-Introduced.html
88R12499 JAM-D | ||
By: Goodwin | H.J.R. No. 188 |
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proposing a constitutional amendment creating the workforce | ||
housing fund to facilitate the development of affordable workforce | ||
housing. | ||
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Article III, Texas Constitution, is amended by | ||
adding Section 68 to read as follows: | ||
Sec. 68. (a) The workforce housing fund is created as a | ||
special fund in the state treasury. Money in the fund may be used | ||
only to provide grants and low-interest loans to municipalities for | ||
the purposes of facilitating the development of affordable | ||
workforce housing. The fund shall be administered by the Texas | ||
Department of Housing and Community Affairs or that department's | ||
successor in function. | ||
(b) The fund consists of: | ||
(1) money appropriated to the board for a purpose of | ||
the fund; | ||
(2) repayment of principal and interest from loans | ||
made from the fund; | ||
(3) money the board transfers to the fund from any | ||
available source; | ||
(4) depository interest allocable to the fund and | ||
other investment returns on money in the fund; | ||
(5) money from gifts, grants, or donations to the | ||
fund; and | ||
(6) any other fees or sources of revenue that the | ||
legislature may dedicate for deposit to the fund. | ||
(c) The legislature by general law shall provide for the | ||
manner in which the assets of the workforce housing fund may be | ||
used, subject to the limitations provided by this section. The | ||
legislature by general law may provide for costs of investment of | ||
the workforce housing fund to be paid from that fund. | ||
(d) Money in the workforce housing fund is dedicated by this | ||
constitution for purposes of Section 22, Article VIII, of this | ||
constitution. | ||
SECTION 2. This proposed constitutional amendment shall be | ||
submitted to the voters at an election to be held November 7, 2023. | ||
The ballot shall be printed to provide for voting for or against the | ||
proposition: "The constitutional amendment creating the workforce | ||
housing fund to facilitate the development of affordable workforce | ||
housing." |