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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of low income housing tax credits for |
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housing in rural areas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2306.6702(12), Government Code, is |
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repealed. |
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SECTION 2. The change in law made by this Act applies only |
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to an application for low income housing tax credits that is |
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submitted to the Texas Department of Housing and Community Affairs |
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during an application cycle that begins on or after the effective |
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date of this Act. An application that is submitted during an |
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application cycle that began before the effective date of this Act |
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is governed by the law in effect at the time the application cycle |
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began, and the former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |