Honorable Eddie Lucio Jr., Chair, Senate Committee on Intergovernmental Relations
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1989 by Menéndez (Relating to underwriting standards for evaluating applications for low income housing tax credits.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend to Government Code relating to underwriting standards for evaluating applications for low income housing tax credits. Based on the analysis of the Texas Department of Housing and Community Affairs, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.