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AN ACT
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relating to the allocation of low 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 2306.67022, Government Code, is amended |
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to read as follows: |
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Sec. 2306.67022. QUALIFIED ALLOCATION PLAN; MANUAL. (a) |
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At least biennially, the board shall adopt a qualified allocation |
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plan and a corresponding manual to provide information regarding |
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the administration of and eligibility for the low income housing |
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tax credit program. The board may adopt the plan and manual |
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annually, as considered appropriate by the board. |
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(b) The department may require as part of the threshold |
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criteria under a qualified allocation plan that a proposed |
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development satisfy certain criteria relating to educational |
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quality, as specified by the department in that plan. |
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(c) The department may not adopt a qualified allocation plan |
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that uses a scoring system that awards points to an application |
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based on criteria relating to the educational quality applicable to |
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a proposed development site. |
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(d) This subsection and Subsections (b) and (c) expire |
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September 1, 2021. |
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SECTION 2. (a) The Texas Department of Housing and |
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Community Affairs shall conduct a study of the effects that the |
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implementation of Sections 2306.67022(b) and (c), Government Code, |
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as added by this Act, has on the allocation of low income housing |
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tax credits in this state. |
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(b) Not later than January 1, 2021, the Texas Department of |
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Housing and Community Affairs shall submit to the governor, the |
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lieutenant governor, the speaker of the house of representatives, |
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and each standing committee of the legislature with jurisdiction |
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over affordable housing a report regarding the study required by |
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Subsection (a) of this section. |
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SECTION 3. 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 2020 qualified |
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allocation plan or a subsequent plan adopted by the governing board |
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of the department under Section 2306.67022, Government Code, as |
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amended by this Act. 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 4. This Act takes effect September 1, 2019. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 1215 was passed by the House on May 8, |
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2019, by the following vote: Yeas 132, Nays 12, 1 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 1215 on May 24, 2019, by the following vote: Yeas 139, Nays 4, |
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1 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 1215 was passed by the Senate, with |
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amendments, on May 22, 2019, by the following vote: Yeas 30, Nays |
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1. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |