Issue Date: 1987-09-01
Revised Date: 2017-09-01

Legal Cites

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.

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 20
USAS Title ELDERLY HOUSING SET-ASIDE
Receipt Category 13 – Welfare and MHMR
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES