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A BILL TO BE ENTITLED
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AN ACT
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relating to certain rental assistance and other projects financed |
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by private activity bonds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1372.002(f), Government Code, is amended |
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to read as follows: |
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(f) Notwithstanding Subsection (c), an applicant to which |
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this subsection applies may aggregate more than one qualified |
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residential rental project into a single, combined project as part |
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of the participation of the housing authority for the applicable |
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municipality in the Rental Assistance Demonstration program |
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administered by the United States Department of Housing and Urban |
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Development, as specified by the Consolidated and Further |
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Continuing Appropriations Act of 2012 (Pub. L. No. 112-55) and its |
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subsequent amendments, if the combined project is: |
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(1) related to the municipal housing authority's |
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conversion of public housing units as permitted under that program; |
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or |
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(2) a part of any other project of the housing |
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authority for the applicable municipality. |
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SECTION 2. This Act takes effect September 1, 2019. |