| (a) Use of additional or Deobligated Funds. In the
event the Department receives additional funds, such as loan repayments,
donations, or interest earnings, the Department will redistribute
the funds in accordance with the Texas HTF plan in effect at the time
the additional funds become available.
(b) Reprogramming of Funds. If funding for a program
is undersubscribed or funds not utilized, within a timeframe as determined
by the Department, remaining funds may be reprogrammed at the discretion
of the Department consistent with the Texas HTF plan in effect at
the time.
(c) Use of excess loan repayments and interest earnings.
The Texas HTF may be used to respond to unanticipated challenges that
may arise in the course of implementing approved single family Program
Contracts, activities, or assets that are not readily addressed with
federal funds. In the event that Texas HTF loan repayments and interest
earnings exceed the requirements under the Texas HTF interest earnings
and loan repayments Rider in the General Appropriations Act, up to
$250,000 per biennium of these excess Texas HTF loan repayments and
interest earnings may be used for this purpose. If a balance exists
from the previous biennium, the Department shall transfer only the
necessary amount to replenish this fund to a maximum balance of $250,000
at the start of the biennium. These funds may be used as described
in this subsection.
(1) Funds are to be used for internal disposition.
(2) Neither Households nor Program Administrators are
eligible to apply for these funds.
(3) Any funds used under this subsection requires authorization
of the Executive Director.
(4) Uses for the funds must meet at least one of the
following criteria:
(A) For Households previously assisted by the Department
with Department funds, for which the Department has confirmed that
further work is still required, and for which the original source
of funds is no longer able to be used; or
(B) Properties previously owned by Households assisted
by the Department, having been foreclosed upon by the Department,
and requiring additional carrying costs or improvements to sell the
property or transfer the property for an affordable purpose.
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