88R12499 JAM-D
 
  By: Goodwin H.J.R. No. 188
 
 
 
A JOINT RESOLUTION
  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."