LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 15, 2015 TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1989 by Menéndez (Relating to underwriting standards for evaluating applications for low income housing tax credits.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend to Government Code relating to underwriting standards for evaluating applications for low income housing tax credits. Based on the analysis of the Texas Department of Housing and Community Affairs, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:332 Department of Housing and Community Affairs LBB Staff: UP, KVe, JSm
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 15, 2015
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1989 by Menéndez (Relating to underwriting standards for evaluating applications for low income housing tax credits.), As Engrossed
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1989 by Menéndez (Relating to underwriting standards for evaluating applications for low income housing tax credits.), As Engrossed
Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1989 by Menéndez (Relating to underwriting standards for evaluating applications for low income housing tax credits.), As Engrossed
SB1989 by Menéndez (Relating to underwriting standards for evaluating applications for low income housing tax credits.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend to Government Code relating to underwriting standards for evaluating applications for low income housing tax credits. Based on the analysis of the Texas Department of Housing and Community Affairs, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 332 Department of Housing and Community Affairs
332 Department of Housing and Community Affairs
LBB Staff: UP, KVe, JSm
UP, KVe, JSm