Texas § GV.2306.272 - HOUSING SPONSOR INVESTMENTS
Full text of Texas The Texas Constitution § GV.2306.272 — HOUSING SPONSOR INVESTMENTS, with citation guidance and answers to common questions.
§ GV.2306.272. HOUSING SPONSOR INVESTMENTS
HOUSING SPONSOR INVESTMENTS. (a) A principal or stockholder of a housing sponsor may not earn, accept, or receive a per annum return on an investment in a housing development financed by the department greater than that allowed by department rule. (b) A housing sponsor's equity in a housing development is the difference between the mortgage loan and the total housing development cost. (c) The department shall establish a housing sponsor's equity when the final mortgage advance is made. (d) For the purposes of this section, the amount established under Subsection (c) remains constant during the life of the department's mortgage on the development, except for additional equity investment made by the sponsor with the department's approval or at its order. (e) In this section, "housing development costs" has the meaning assigned by Section 2306.271 (d). Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.2306.272
What does The Texas Constitution § GV.2306.272 cover?
Section GV.2306.272 ("HOUSING SPONSOR INVESTMENTS") 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 § GV.2306.272?
A common citation format is "The Texas Constitution § GV.2306.272" (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 § GV.2306.272 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.