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89(R) SB 536 - Introduced version - Bill Text
89R6302 JG-D
By: Miles, et al.
S.B. No. 536
A BILL TO BE ENTITLED
AN ACT
relating to the eligibility of nurses for the Homes for Texas Heroes
home loan program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.5621(a), Government Code, is
amended by amending Subdivision (2) and adding Subdivision (17) to
read as follows:
(2) "Home" means a dwelling in this state in which a
fire fighter, corrections officer, county jailer, public security
officer, peace officer, professional educator,
nurse,
veteran, or
person defined as emergency medical services personnel under this
section intends to reside as the borrower's principal residence.
(17)
"Nurse" means an individual licensed under
Chapter 301, Occupations Code, except that the term does not
include an advanced practice registered nurse, as defined by
Section 301.152 of that code.
SECTION 2. Sections 2306.5621(b), (c), (d), (f), and (h-1),
Government Code, are amended to read as follows:
(b) The corporation shall establish a program to provide
eligible fire fighters, corrections officers, county jailers,
public security officers, peace officers, emergency medical
services personnel, professional educators,
nurses,
and veterans
with low-interest home mortgage loans.
(c) To be eligible for a loan under this section, at the time
a person files an application for the loan, the person must:
(1) be a:
(A) fire fighter, corrections officer, county
jailer, public security officer, peace officer,
nurse,
veteran, or
person defined as emergency medical services personnel under this
section; or
(B) professional educator who is employed by a
school district or is an allied health or professional nursing
program faculty member in this state;
(2) reside in this state; and
(3) have an income of not more than 115 percent of area
median family income, adjusted for family size, or the maximum
amount permitted by Section 143(f), Internal Revenue Code of 1986,
whichever is greater.
(d) The corporation may contract with other agencies of the
state or with private entities to determine whether applicants
qualify as fire fighters, corrections officers, county jailers,
public security officers, peace officers, emergency medical
services personnel, professional educators,
nurses,
or veterans
under this section or otherwise to administer all or part of this
section.
(f) The board of directors of the corporation shall adopt
rules governing:
(1) the administration of the program;
(2) the making of loans under the program;
(3) the criteria for approving mortgage lenders;
(4) the use of insurance on the loans and the homes
financed under the program, as considered appropriate by the board
to provide additional security for the loans;
(5) the verification of occupancy of the home by the
fire fighter, corrections officer, county jailer, public security
officer, peace officer, professional educator,
nurse,
veteran, or
person defined as emergency medical services personnel as the
borrower's principal residence; and
(6) the terms of any contract made with any mortgage
lender for processing, originating, servicing, or administering
the loans.
(h-1) To fund home mortgage loans for eligible fire
fighters, corrections officers, county jailers, public security
officers, peace officers, emergency medical services personnel,
professional educators,
nurses,
and veterans under this section,
the corporation may use any proceeds received from the sale of
bonds, notes, or other obligations issued under the home loan
program provided by this section, regardless of any amendments to
the eligibility standards for loans made under the program and
regardless of when the corporation received the proceeds from those
bonds, notes, or other obligations issued under the program.
SECTION 3. This Act takes effect September 1, 2025.