Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB990 by Watson (Relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside. The bill would eliminate certain requirements for an application for a housing tax credit allocation.
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.
The bill would take effect September 1, 2017.
Local Government Impact
No fiscal implication to units of local government is anticipated.