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A BILL TO BE ENTITLED
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AN ACT
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relating to the amendment of an application for an allocation of low |
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income housing tax credits. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2306.6708(a), Government Code, is |
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amended to read as follows: |
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(a) Except as provided by Subsection (b), an applicant may |
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not change or supplement an application in any manner after the |
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filing deadline, including a change or supplement related to the |
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financial feasibility of the development as established for |
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purposes of the department's evaluation under Section |
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2306.6710(b)(1)(A). |
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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 is based on the 2018 qualified |
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allocation plan or a subsequent plan adopted by the governing board |
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of the department. An application that is submitted during an |
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application cycle that is based on an earlier qualified allocation |
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plan is governed by the law in effect on the date the application |
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cycle began, and the former law is continued in effect for that |
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purpose. |
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SECTION 3. This Act takes effect September 1, 2017. |