Bill Text: TX HB2261 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the amendment of an application for an allocation of low income housing tax credits.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-03-15 - Referred to Urban Affairs [HB2261 Detail]
Download: Texas-2017-HB2261-Introduced.html
| 85R10935 JAM-D | ||
| By: Dutton | H.B. No. 2261 | |
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| relating to the amendment of an application for an allocation of low | ||
| income housing tax credits. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 2306.6708(a), Government Code, is | ||
| amended to read as follows: | ||
| (a) Except as provided by Subsection (b), an applicant may | ||
| not change or supplement an application in any manner after the | ||
| filing deadline, including a change or supplement related to the | ||
| financial feasibility of the development as established for | ||
| purposes of the department's evaluation under Section | ||
| 2306.6710(b)(1)(A). | ||
| 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 2018 qualified | ||
| allocation plan or a subsequent plan adopted by the governing board | ||
| of the department. 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, 2017. | ||
