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AN ACT
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relating to the allocation of housing tax credits to developments |
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within proximate geographical areas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2306.6711(f), Government Code, is |
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amended to read as follows: |
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(f) The board may allocate housing tax credits to more than |
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one development in a single community, as defined by department |
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rule, in the same calendar year only if the developments are or will |
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be located more than two linear miles apart or will serve different |
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types of households, as defined by department rule. This |
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subsection applies only to communities contained within counties |
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with populations exceeding 1.5 [one] million. This subsection does |
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not prohibit the department from adopting rules under this chapter |
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that are specific to other geographic areas of the state. |
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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. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 1992 passed the Senate on |
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May 11, 2017, by the following vote: Yeas 28, Nays 3; and that the |
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Senate concurred in House amendment on May 27, 2017, by the |
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following vote: Yeas 28, Nays 3. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 1992 passed the House, with |
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amendment, on May 24, 2017, by the following vote: Yeas 141, |
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Nays 5, two present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |