By: Watson, et al. S.B. No. 989     (Isaac)           A BILL TO BE ENTITLED   AN ACT   relating to the maximum loan amount made to persons under the   owner-builder loan program.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2306.754(b), Government Code, is amended   to read as follows:          (b)  If it is not possible for an owner-builder to purchase   necessary real property and build or rehabilitate adequate housing   for $45,000, the owner-builder must obtain the amount necessary   that exceeds $45,000 from other sources of funds.  [The total amount   of amortized, repayable loans made by the department and other   entities to an owner-builder under this subchapter may not exceed   $90,000.]          SECTION 2.  As soon as practicable after the effective date   of this Act, the Texas Department of Housing and Community Affairs   shall adopt rules necessary to implement Section 2306.754(b),   Government Code, as amended by this Act.          SECTION 3.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2017.