Texas HB2937 amends the Local Government Code to redefine the operational areas and powers of housing finance corporations.
Texas HB2937 amends the Local Government Code to redefine the operational areas and powers of housing finance corporations. The bill specifies that a housing finance corporation can only exercise its powers within the jurisdictional boundaries of the sponsoring municipality or the unincorporated areas of the sponsoring county. Corporations sponsored by multiple local governments can operate within the boundaries of each sponsoring municipality and the unincorporated areas of each sponsoring county.
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