{"data":{"id":"us-tx/tex.-local-government-code-394.039","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 394.039","heading":"SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS.","body":"Subject to Sections 394.031(c), (d), and (e), a housing finance corporation may:\n(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;\n(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;\n(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\n(4) sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of all or part of its property and assets.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.\nAmended by:\nActs 2025, 89th Leg., R.S., Ch. 208 (H.B. 21), Sec. 7, eff. May 28, 2025.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C. PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 394. HOUSING FINANCE CORPORATIONS IN MUNICIPALITIES AND COUNTIES","SUBCHAPTER D. CORPORATE POWERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.394.htm#394.039","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"13e8f9eef1640e65e504b74e43b42aa72ba0b2d691a34d94d69082eec63dde67","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-394.038","next":"us-tx/tex.-local-government-code-394.040"},"notice":"GroundRules: Original legal text. Not legal advice."}