Texas 2015 - 84th Regular

Texas House Bill HB2878 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	By: Márquez (Senate Sponsor - Rodríguez) H.B. No. 2878
2		-	(In the Senate - Received from the House May 4, 2015;
3		-	May 4, 2015, read first time and referred to Committee on
4		-	Intergovernmental Relations; May 11, 2015, reported favorably by
5		-	the following vote: Yeas 6, Nays 0; May 11, 2015, sent to printer.)
6		-	Click here to see the committee vote
	1	+	H.B. No. 2878
7	2
8	3
9		-	A BILL TO BE ENTITLED
10	4		AN ACT
11	5		relating to certain qualified residential rental assistance
12	6		projects financed by private activity bonds.
13	7		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
14	8		SECTION 1. Section 1372.002, Government Code, is amended by
15	9		adding Subsections (f) and (g) to read as follows:
16	10		(f) Notwithstanding Subsection (c), an applicant to which
17	11		this subsection applies may aggregate more than one qualified
18	12		residential rental project into a single, combined project as part
19	13		of the participation of the housing authority for the applicable
20	14		municipality in the Rental Assistance Demonstration program
21	15		administered by the United States Department of Housing and Urban
22	16		Development, as specified by the Consolidated and Further
23	17		Continuing Appropriations Act of 2012 (Pub. L. No. 112-55) and its
24	18		subsequent amendments, if the combined project is related to the
25	19		municipal housing authority's conversion of public housing units as
26	20		permitted under that program.
27	21		(g) Subsection (f) applies only to an applicant created by a
28	22		municipal housing authority established by a municipality that is
29	23		adjacent to an international boundary of this state and that is
30	24		located in a county with a population of more than 800,000.
31	25		SECTION 2. Section 1372.006(a), Government Code, is amended
32	26		to read as follows:
33	27		(a) An application for a reservation under Subchapter B or a
34	28		carryforward designation under Subchapter C must be accompanied by
35	29		a nonrefundable fee in the amount of $500, except that:
36	30		(1) for projects that include multiple facilities
37	31		authorized under Section 1372.002(e), the application must be
38	32		accompanied by a nonrefundable fee in an amount of $500 for each
39	33		facility included in the application for the project; [and]
40	34		(2) for issuers of qualified residential rental
41	35		project bonds the application must be accompanied by a
42	36		nonrefundable fee of $5,000, of which the board shall retain $1,000
43	37		to offset the costs of the private activity bond allocation program
44	38		and the administration of that program and of which the board shall
45	39		transfer $4,000 through an interagency agreement to the Texas
46	40		Department of Housing and Community Affairs for use in the
47	41		affordable housing research and information program as provided by
48	42		Section 2306.259; and
49	43		(3) for a combined project that includes multiple
50	44		qualified residential rental projects authorized under Section
51	45		1372.002(f), the application must be accompanied by a nonrefundable
52	46		fee in an amount of $5,000 for each qualified residential rental
53	47		project included in the application for the combined project, the
54	48		total amount of which the board shall retain 20 percent to offset
55	49		the costs of the private activity bond allocation program and the
56	50		administration of that program and of which the board shall
57	51		transfer 80 percent through an interagency agreement to the Texas
58	52		Department of Housing and Community Affairs for use in the
59	53		affordable housing research and information program as provided by
60	54		Section 2306.259.
61	55		SECTION 3. The change in law made by this Act in amending
62	56		Chapter 1372, Government Code, applies only to a reservation of
63	57		state ceiling granted on or after January 1, 2015.
64	58		SECTION 4. This Act takes effect September 1, 2015.
65		-	* * * * *
	59	+	______________________________ ______________________________
	60	+	President of the Senate Speaker of the House
	61	+	I certify that H.B. No. 2878 was passed by the House on April
	62	+	30, 2015, by the following vote: Yeas 139, Nays 0, 1 present, not
	63	+	voting.
	64	+	______________________________
	65	+	Chief Clerk of the House
	66	+	I certify that H.B. No. 2878 was passed by the Senate on May
	67	+	15, 2015, by the following vote: Yeas 29, Nays 2.
	68	+	______________________________
	69	+	Secretary of the Senate
	70	+	APPROVED: _____________________
	71	+	Date
	72	+	_____________________
	73	+	Governor