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Texas Natural Resources Code

§ 162.002 — MONEY AND INTERESTS INCLUDED IN THE VETERANS' HOUSING ASSISTANCE FUND

NR § 162.002Title 7. RESOURCES PROGRAMS · Ch. 162. VETERANS' HOUSING ASSISTANCE PROGRAM · Art. A. GENERAL PROVISIONS

Statute text

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(a)The veterans' housing assistance fund shall include:
(1)any interest of the board in home mortgage loans made from money in the fund to veterans pursuant to this chapter including any insurance thereon or on the homes;
(2)the proceeds derived from the sale or other disposition of the board's interest in home mortgage loans;
(3)the money attributable to any bonds issued and sold by the board to provide money for the fund which shall include but shall not be limited to the proceeds from the issuance and sale of such bonds;
(4)income, rents, and any other pecuniary benefit received by the board as a result of making these loans;
(5)sums received by way of indemnity or forfeiture for the failure of any bidder for the purchase of any such bonds to comply with the person's bid and accept and pay for such bonds and amounts received by the board under bond enhancement agreements with respect to the bonds;

Legislative history

Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 2.04, eff. Aug. 30, 1993; Acts 1997, 75th Leg., ch. 71, Sec. 3, eff. May 9, 1997.

Source: Texas Natural Resources Code § 162.002 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.