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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, Government Code, is amended |
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by amending Subsection (f) and adding Subsection (f-1) to read as |
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follows: |
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(f) Except as provided by Subsection (f-1), the [The] board |
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may allocate housing tax credits to more than one development in a |
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single community, as defined by department rule, in the same |
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calendar year only if the developments are or will be located more |
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than two linear miles apart. This subsection applies only to |
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communities contained within counties with populations exceeding |
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one million. |
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(f-1) The board may allocate housing tax credits to more |
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than one development in a single community only if: |
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(1) the community is located in: |
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(A) a municipality with a population of two |
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million or more; and |
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(B) an area that is a federally declared disaster |
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area; and |
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(2) the governing body of the municipality containing |
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the development: |
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(A) has by vote specifically authorized the |
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allocation of housing tax credits for the development; and |
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(B) is authorized to administer disaster |
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recovery funds as a subgrant recipient. |
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SECTION 2. The changes in law made by this Act apply only to |
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an application for low income housing tax credits that is submitted |
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to the Texas Department of Housing and Community Affairs during an |
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application cycle that is based on the 2020 qualified allocation |
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plan or a subsequent plan adopted by the governing board of the |
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department. An application that is submitted during an application |
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cycle that is based on an earlier qualified allocation plan is |
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governed by the law in effect on the date the application cycle |
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began, and the former law is continued in effect for that purpose. |
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SECTION 3. 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 hereby certify that S.B. No. 493 passed the Senate on |
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April 17, 2019, by the following vote: Yeas 30, Nays 1; and that |
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the Senate concurred in House amendment on May 21, 2019, by the |
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following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 493 passed the House, with |
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amendment, on May 9, 2019, by the following vote: Yeas 107, |
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Nays 26, 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 |