Bill Text: TX HB1215 | 2019-2020 | 86th Legislature | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the allocation of low income housing tax credits.
Spectrum: Bipartisan Bill
Status: (Vetoed) 2019-06-15 - Vetoed by the Governor [HB1215 Detail]
Download: Texas-2019-HB1215-Engrossed.html
Bill Title: Relating to the allocation of low income housing tax credits.
Spectrum: Bipartisan Bill
Status: (Vetoed) 2019-06-15 - Vetoed by the Governor [HB1215 Detail]
Download: Texas-2019-HB1215-Engrossed.html
86R10315 JAM-F | ||
By: Collier, Swanson, Oliverson, Guillen | H.B. No. 1215 |
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relating to the allocation of low income housing tax credits. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2306.67022, Government Code, is amended | ||
to read as follows: | ||
Sec. 2306.67022. QUALIFIED ALLOCATION PLAN; MANUAL. (a) | ||
At least biennially, the board shall adopt a qualified allocation | ||
plan and a corresponding manual to provide information regarding | ||
the administration of and eligibility for the low income housing | ||
tax credit program. The board may adopt the plan and manual | ||
annually, as considered appropriate by the board. | ||
(b) The department may require as part of the threshold | ||
criteria under a qualified allocation plan that a proposed | ||
development satisfy certain criteria relating to educational | ||
quality, as specified by the department in that plan. | ||
(c) The department may not adopt a qualified allocation plan | ||
that uses a scoring system that awards points to an application | ||
based on criteria relating to the educational quality applicable to | ||
a proposed development site. | ||
SECTION 2. The change in law made by this Act applies only | ||
to an application for low income housing tax credits that is | ||
submitted to the Texas Department of Housing and Community Affairs | ||
during an application cycle that is based on the 2020 qualified | ||
allocation plan or a subsequent plan adopted by the governing board | ||
of the department under Section 2306.67022, Government Code, as | ||
amended by this Act. An application that is submitted during an | ||
application cycle that is based on an earlier qualified allocation | ||
plan is governed by the law in effect on the date the application | ||
cycle began, and the former law is continued in effect for that | ||
purpose. | ||
SECTION 3. This Act takes effect September 1, 2019. |