Tex. Loc. Gov't Code § 392.004 · Subchapter A. GENERAL PROVISIONS
OPERATION NOT FOR PROFIT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
It is the policy of the state that a housing authority manage and operate its housing projects in an efficient manner to enable it to set rentals at the lowest possible rates consistent with providing decent, safe, and sanitary housing and that a housing authority may not construct or operate a project for profit or as a source of revenue to a municipality or county. For this purpose, an authority shall set rentals at a rate not higher than the rate necessary, together with other available money, revenue, income, and receipts, to produce revenue that is sufficient to:
(1) pay the principal and interest as it becomes due on bonds of the authority;
(2) meet the cost of and provide for maintaining and operating the projects, including insurance;
(3) pay the administrative expenses of the authority;
(4) create, to the extent determined necessary and advisable by the authority, a reserve for the bonds and to maintain the reserve; and
(5) create, to the extent determined necessary and advisable by the authority, a capital and improvements fund to be used by the authority to accomplish the public purposes of this chapter.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 677, Sec. 8, eff. Aug. 28, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.392.htm
- Text hash
- sha256 eb9bf8bcb28bbb381cfa37e3ba1bba5c9e11ad90265a3ff81f7c0a4d93780cfa
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Loc. Gov't Code § 392.004. Each shows the citation as that text prints it.
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