| Issue Date: | 1987-09-01 |
|---|---|
| Revised Date: | 2017-09-01 |
Legal Citations
- Local Government Code sec. 394.902
Object Type
Cash — Welfare/Mental Health
Origin Date
1985 by S.B. 969, 69th Leg., R.S.
Description
To record the multifamily residential development fee remitted to the commission from housing finance corporations under the Texas Housing Agency Act.
In lieu of providing 5% of new multifamily residential units to low income elderly residents, a housing finance corporation may collect a fee from the person receiving the loan for the multifamily residential development. The fee is 1/10% of the total principal amount of the loan made for the development.
Due Date
At time loan is delivered.
Collecting Agencies
Deposit Funds
Note
Transferred from the Department on Aging (340) to Department of Aging and Disability Services (539) by H.B. 2292, 78th Leg., R.S.
S.B. 200, 84th Leg., R.S. abolished Department of Aging and Disability Services (539) and transferred programs to the Health and Human Services Commission (529) effective 9/1/17.
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | ELDERLY HOUSING SET-ASIDE |
| Receipt Category | 13 – Welfare and Mental Health |
| Receipt Type | 10 – Business/Professional Fees |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 01 – LICENSES, FEES, FINES, AND PENALTIES |