Texas Statutes
§ 2306.272 — HOUSING SPONSOR INVESTMENTS.
Texas § 2306.272
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 2306.272 (HOUSING SPONSOR INVESTMENTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 2306.272 (2026).
Text
Sec. 2306.272. HOUSING SPONSOR INVESTMENTS.
(a)A principal or stockholder of a housing sponsor may not earn, accept, or receive a per annum return on an investment in a housing development financed by the department greater than that allowed by department rule.
(b)A housing sponsor's equity in a housing development is the difference between the mortgage loan and the total housing development cost.
(c)The department shall establish a housing sponsor's equity when the final mortgage advance is made.
(d)For the purposes of this section, the amount established under Subsection (c) remains constant during the life of the department's mortgage on the development, except for additional equity investment made by the sponsor with the department's approval or at its order.
(e)In this section, "
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Legislative History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Nearby Sections
15
§ 2306.001
PURPOSES.§ 2306.002
POLICY.§ 2306.003
PUBLIC PURPOSE.§ 2306.004
DEFINITIONS.§ 2306.005
REFERENCES TO FORMER LAW.§ 2306.006
RULES OF ABOLISHED AGENCIES.§ 2306.008
PRESERVATION OF AFFORDABLE HOUSING.§ 2306.022
APPLICATION OF SUNSET ACT.§ 2306.025
TERMS OF BOARD MEMBERS.§ 2306.027
ELIGIBILITY.§ 2306.028
TRAINING.§ 2306.030
PRESIDING OFFICER; OTHER OFFICERS.§ 2306.031
MEMBERS' COMPENSATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 2306.272, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/2306.272.