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|---|---|---|---|
| 1 | 1 | 85R10934 JAM-D | |
| 2 | 2 | By: Dutton H.B. No. 1834 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the payment of application fees for a commitment of low | |
| 8 | 8 | income housing tax credits. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 2306.6716, Government Code, is amended | |
| 11 | 11 | by adding Subsection (e) to read as follows: | |
| 12 | 12 | (e) The department shall reject and return an application | |
| 13 | 13 | for a low income housing tax credit commitment in the initial | |
| 14 | 14 | allocation cycle if the applicant does not pay the total amount of | |
| 15 | 15 | application fees on or before the application filing deadline | |
| 16 | 16 | established under Section 2306.6724(d). | |
| 17 | 17 | SECTION 2. The change in law made by this Act applies only | |
| 18 | 18 | to an application for low income housing tax credits that is | |
| 19 | 19 | submitted to the Texas Department of Housing and Community Affairs | |
| 20 | 20 | during an application cycle that is based on the 2018 qualified | |
| 21 | 21 | allocation plan or a subsequent plan adopted by the governing board | |
| 22 | 22 | of the department under Section 2306.67022, Government Code. An | |
| 23 | 23 | application that is submitted during an application cycle that is | |
| 24 | 24 | based on an earlier qualified allocation plan is governed by the law | |
| 25 | 25 | in effect on the date the application cycle began, and the former | |
| 26 | 26 | law is continued in effect for that purpose. | |
| 27 | 27 | SECTION 3. This Act takes effect September 1, 2017. |