Tex. Nat. Res. Code § 162.002

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 162.002 - Money and Interests Included in the Veterans' Housing Assistance Fund

(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;

(6) interest received from investments of any such money; and

(7) any equitable interest in properties encumbered under this program and attributable to the fund.

(b) Except as otherwise provided by law, money in the fund shall be deposited in the State Treasury to the credit of the fund.

Tex. Nat. Res. Code § 162.002

Amended By Acts 1997, 75th Leg., ch. 71, Sec. 3, eff. 5/9/1997.

Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 2.04, eff. 8/30/1993

Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1.