Texas § LG.394.039 - SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS
Full text of Texas The Texas Constitution § LG.394.039 — SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS, with citation guidance and answers to common questions.
§ LG.394.039. SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS
SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS. 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. 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: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.394.039
What does The Texas Constitution § LG.394.039 cover?
Section LG.394.039 ("SPECIFIC POWERS RELATING TO FINANCIAL AND PROPERTY TRANSACTIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LG.394.039?
A common citation format is "The Texas Constitution § LG.394.039" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LG.394.039 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.