Texas Comptroller of Public Accounts
| Legal Citations: |
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| Revenue Type: Cash — Welfare/Mental Health |
| Origin Date: 1985 by S.B. 969, 69th Leg., R.S. |
| Issue Date: 1987-09-01 |
| Revised Date: 2017-09-01 |
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.
At time loan is delivered.
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.
| Appropriation Year | 26 |
|---|---|
| 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 |