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  By: Márquez H.B. No. 2878
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to certain qualified residential rental assistance
  projects financed by private activity bonds.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1372.002, Government Code, is amended by
  adding Subsections (f) and (g) to read as follows:
         (f)  Notwithstanding Subsection (c), an applicant to which
  this subsection applies may aggregate more than one qualified
  residential rental project into a single, combined project as part
  of the participation of the housing authority for the applicable
  municipality in the Rental Assistance Demonstration program
  administered by the United States Department of Housing and Urban
  Development, as specified by the Consolidated and Further
  Continuing Appropriations Act of 2012 (Pub. L. No. 112-55) and its
  subsequent amendments, if the combined project is related to the
  municipal housing authority's conversion of public housing units as
  permitted under that program.
         (g)  Subsection (f) applies only to an applicant created by a
  municipal housing authority established by a municipality that is
  adjacent to an international boundary of this state and that is
  located in a county with a population of more than 800,000.
         SECTION 2.  Section 1372.006(a), Government Code, is amended
  to read as follows:
         (a)  An application for a reservation under Subchapter B or a
  carryforward designation under Subchapter C must be accompanied by
  a nonrefundable fee in the amount of $500, except that:
               (1)  for projects that include multiple facilities
  authorized under Section 1372.002(e), the application must be
  accompanied by a nonrefundable fee in an amount of $500 for each
  facility included in the application for the project; [and]
               (2)  for issuers of qualified residential rental
  project bonds the application must be accompanied by a
  nonrefundable fee of $5,000, of which the board shall retain $1,000
  to offset the costs of the private activity bond allocation program
  and the administration of that program and of which the board shall
  transfer $4,000 through an interagency agreement to the Texas
  Department of Housing and Community Affairs for use in the
  affordable housing research and information program as provided by
  Section 2306.259; and
               (3)  for a combined project that includes multiple
  qualified residential rental projects authorized under Section
  1372.002(f), the application must be accompanied by a nonrefundable
  fee in an amount of $5,000 for each qualified residential rental
  project included in the application for the combined project, the
  total amount of which the board shall retain 20 percent to offset
  the costs of the private activity bond allocation program and the
  administration of that program and of which the board shall
  transfer 80 percent through an interagency agreement to the Texas
  Department of Housing and Community Affairs for use in the
  affordable housing research and information program as provided by
  Section 2306.259.
         SECTION 3.  The change in law made by this Act in amending
  Chapter 1372, Government Code, applies only to a reservation of
  state ceiling granted on or after January 1, 2015.
         SECTION 4.  This Act takes effect September 1, 2015.