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Amend HB 429 (senate committee report) as follows:
(1) In SECTION 1 of the bill, in Section 2306.004(28-a)(A), Government Code (page 1, line 24), immediately following the semicolon, insert "or".
(2) In SECTION 1 of the bill, in Section 2306.004(28-a)(B), Government Code (page 1, line 28), strike "; or" and substitute "[; or".
(3) In SECTION 1 of the bill, strike amended Section 2306.004(28-a)(C), Government Code (page 1, lines 29-34), and substitute the following:
[(C)
in an area that is eligible for funding by the Texas Rural Development Office of the United States Department of Agriculture, other than an area that is located in a municipality with a population of more than 50,000].
(4) On page 1, lines 37-50, strike SECTIONS 3 and 4 of the bill.
(5) Add the following appropriately numbered SECTIONS to the bill and renumber subsequent SECTIONS of the bill accordingly:
SECTION ____. Section 2306.111, Government Code, is amended by adding Subsection (d-4) to read as follows:
(d-4) Notwithstanding any other law, a proposed or existing development that, before September 1, 2013, has been awarded or has received federal financial assistance provided under Section 514, 515, or 516 of the Housing Act of 1949 (42 U.S.C. Section 1484, 1485, or 1486) may apply for low income housing tax credits allocated under Subsection (d-2) or (d-3) for the uniform state service region in which the development is located regardless of whether the development is located in a rural area.
SECTION ____. The change in law made by this Act in amending Section 2306.004(28-a), Government Code, applies only to an application for financial assistance that is submitted by a housing development to the Texas Department of Housing and Community Affairs on or after September 1, 2013. An application for financial assistance that is submitted by a housing development to the department before September 1, 2013, is governed by the law in effect when the application was submitted, and the former law is continued in effect for that purpose.
SECTION ____. This Act takes effect September 1, 2013.