Bill Text: TX HB4081 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the allocation of low income housing tax credits.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-04-24 - Committee report sent to Calendars [HB4081 Detail]
Download: Texas-2019-HB4081-Introduced.html
86R14091 JAM-D | ||
By: Sanford | H.B. No. 4081 |
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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. The | ||
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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 not adopt a [ |
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and manual more frequently than once during each biennium | ||
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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. |