Amend HB 3449 on third reading in amended Subchapter DD,
Chapter 2306, Government Code, as follows:
      (1)  Strike added Section 2306.6791.
      (2)  At the end of Subchapter DD add an appropriately
numbered section to read as follows:
      Sec. 2306.____.  MINORITY-OWNED BUSINESSES. (a)  The
department shall require a person who receives an allocation of
housing tax credits to attempt to ensure that at least 30 percent
of the construction and management businesses with which the person
contracts in connection with the development are minority-owned
businesses.
      (b)  A person who receives an allocation of housing tax
credits must report to the department not less than once in each
90-day period following the date of allocation regarding the
percentage of businesses with which the person has contracted that
qualify as minority-owned businesses.
      (c)  In this section:
            (1)  "Minority-owned business" means a business entity
at least 51 percent of which is owned by members of a minority
group or, in the case of a corporation, at least 51 percent of the
shares of which are owned by members of a minority group, and that
is managed and controlled by members of a minority group in its
daily operations.
            (2)  "Minority group" includes:
                  (A)  African Americans;
                  (B)  American Indians;
                  (C)  Asian Americans; and
                  (D)  Mexican Americans and other Americans of
Hispanic origin.