H.B. No. 1512         AN ACT   relating to the administration of 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.  Section 2306.758, Government Code, is amended by   amending Subsection (b) and adding Subsection (d) to read as   follows:          (b)  The department may also make loans under this subchapter   from:                (1)  available funds in the housing trust fund   established under Section 2306.201; and                (2)  federal block grants that may be used for the   purposes of this subchapter[; and                [(3)     the owner-builder revolving loan fund   established under Section 2306.7581].          (d)  All money received by the department as part of the   owner-builder loan program under this subchapter, including any   amount received by the department for payment of the principal of or   interest on a loan made under this subchapter, shall be deposited in   the housing trust fund established under Section 2306.201 to be   used to carry out the purposes of this subchapter. If the money to   be received by the department for a state fiscal year for payment of   the principal of or interest on a loan made under this subchapter is   less than $3 million for a state fiscal year, the department shall   use any available source of money in the housing trust fund to   ensure that not less than $3 million is used for the owner-builder   loan program each state fiscal year.          SECTION 3.  Section 2306.7581, Government Code, is repealed.                    SECTION 4.  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 5.  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.       ______________________________ ______________________________      President of the Senate Speaker of the House                   I certify that H.B. No. 1512 was passed by the House on April   20, 2017, by the following vote:  Yeas 143, Nays 1, 2 present, not   voting; and that the House concurred in Senate amendments to H.B.   No. 1512 on May 21, 2017, by the following vote:  Yeas 132, Nays 6,   2 present, not voting.     ______________________________   Chief Clerk of the House               I certify that H.B. No. 1512 was passed by the Senate, with   amendments, on May 18, 2017, by the following vote:  Yeas 24, Nays   6.     ______________________________   Secretary of the Senate      APPROVED: __________________                   Date                       __________________                 Governor