Texas § 394.039 SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS.

Texas Statutes

§ 394.039 — SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS.

Texas § 394.039

Code LGLocal Government Code

This text of Texas § 394.039 (SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS.) 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. Local Government Code Code Ann. § 394.039 (2026).

Text

Sec. 394.039. SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS. Subject to Sections 394.031 (c), (d), and (e), a housing finance corporation may:

(1)lend money for its corporate purposes, invest and reinvest its funds, and take and hold real or personal property as security for the payment of the loaned or invested funds;

(2)mortgage, pledge, or grant security interests in any residential development, home mortgage, note, or other property in favor of the holders of bonds issued for those items;

(3)purchase, receive, lease, or otherwise acquire, own, hold, improve, use, or deal in and with real or personal property or interests in that property, as required by the purposes of the corporation or as donated to the corporation; and

(4)sell, convey, mortgage, pledge, lease,

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 394.039. SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS. Subject to Sections 394.031 (c), (d), and (e), a housing finance corporation may:
(1) lend money for its corporate purposes, invest and reinvest its funds, and take and hold real or personal property as security for the payment of the loaned or invested funds;
(2) mortgage, pledge, or grant security interests in any residential development, home mortgage, note, or other property in favor of the holders of bonds issued for those items;
(3) purchase, receive, lease, or otherwise acquire, own, hold, improve, use, or deal in and with real or personal property or interests in that property, as required by the purposes of the corporation or as donated to the corporation; and
(4) sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of all or part of its property and assets.