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A BILL TO BE ENTITLED
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AN ACT
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relating to application requirements for low income housing tax |
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credits for developments financed through the private activity bond |
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program. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2306.67071(a), Government Code, is |
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amended to read as follows: |
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(a) Before submitting to the department an application for |
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housing tax credits for developments financed through the private |
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activity bond program, including private activity bonds issued by |
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the department, the Texas State Affordable Housing Corporation, or |
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a local issuer, an applicant must provide notice of the intent to |
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file the application to: |
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(1) the governing body of a municipality in which the |
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proposed development site is to be located; |
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(2) subject to Subdivision (3), the commissioners |
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court of a county in which the proposed development site is to be |
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located, if the proposed site is to be located in an area of a county |
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that is not part of a municipality; or |
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(3) the commissioners court of a county in which the |
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proposed development site is to be located and the governing body of |
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the applicable municipality, if the proposed site is to be located |
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in the extraterritorial jurisdiction of a municipality with a |
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population of less than two million. |
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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 2020 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, 2019. |