Tex. Loc. Gov't Code § 394.039 · Subchapter D. CORPORATE POWERS
SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Amended by:
Acts 2025, 89th Leg., R.S., Ch. 208 (H.B. 21), Sec. 7, eff. May 28, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.394.htm
- Text hash
- sha256 9d5610361f2f3f33c470053aa4437b126948a56753d05eb8f341518947710728
- 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
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.