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By: Button, et al. (Senate Sponsor - Nelson) |
H.B. No. 1973 |
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(In the Senate - Received from the House April 26, 2019; |
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April 29, 2019, read first time and referred to Committee on |
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Intergovernmental Relations; May 13, 2019, reported favorably by |
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the following vote: Yeas 7, Nays 0; May 13, 2019, sent to printer.) |
| Click here to see the committee vote |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the system by which an application for a low income |
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housing tax credit is scored. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2306.6710, Government Code, is amended |
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by adding Subsection (g) to read as follows: |
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(g) If no written statement is received for an application |
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under Subsection (b)(1)(J), the department shall use the maximum |
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number of points that could have been awarded under that paragraph |
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to increase the maximum number of points that may be awarded for |
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that application under Subsection (b)(1)(B). If awarding points |
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under Subsection (b)(1)(B)(iii), the department shall reallocate |
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the points from the scoring category provided by Subsection |
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(b)(1)(J) equally between the political subdivisions described by |
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Subsection (b)(1)(B)(iii). In awarding points transferred under |
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this subsection from the scoring category provided by Subsection |
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(b)(1)(J) to the scoring category provided by Subsection (b)(1)(B), |
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the department shall award: |
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(1) positive points for positive resolutions adopted; |
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(2) negative points for negative resolutions adopted; |
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and |
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(3) zero points for neutral resolutions adopted. |
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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. |
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* * * * * |