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Presentation, discussion, and possible action on an order proposing amendments to 10 Texas Administrative Code Chapter 10, Uniform Multifamily Rules, Subchapter I, Public Facility Corporation Compliance Monitoring ?1.1103 Reporting Requirements and directing its publication for public comment in the Texas Register
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RECOMMENDED ACTION
recommendation
WHEREAS, pursuant to Tex. Gov't Code, ?2306.053, the Texas Department of Housing and Community Affairs (the Department) is authorized to adopt rules governing the administration of the Department and its programs;
WHEREAS, the current rule relating to applicability of HB 2071 (88th Regular Legislature), and report requirements is in need of revisions to ensure that all Developments owned by a Public Facility Corporation (PFC) are required to submit an annual Audit Report to the Department in accordance with the provisions of HB 2071;
WHEREAS, staff proposes amending the current Public Facility Corporation rule to clarify and add requirements for PFC Developments for which the Department has compliance monitoring oversight; and
WHEREAS, such proposed rulemaking will be published in the Texas Register for public comment to be received and returned to the Board for final adoption;
NOW, therefore, it is hereby
RESOLVED, that the Executive Director and his designees, be and each of them hereby are authorized, empowered, and directed, for and on behalf of the Department to cause the proposed amendments of 10 TAC ?10.1103 Public Facility Corporation Compliance Monitoring in the form presented to this meeting, to be published in the Texas Register for public comment and in connection therewith, make such non-substantive technical corrections as they may deem necessary to effectuate the foregoing, including the preparation of the subchapter specific preambles.
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BACKGROUND
The Department was tasked with the compliance monitoring oversight of Public Facility Corporation (PFC) multifamily residential development...
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