85R10934 JAM-D
By: Dutton H.B. No. 1834
A BILL TO BE ENTITLED
AN ACT
relating to the payment of application fees for a commitment of low
income housing tax credits.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.6716, Government Code, is amended
by adding Subsection (e) to read as follows:
(e) The department shall reject and return an application
for a low income housing tax credit commitment in the initial
allocation cycle if the applicant does not pay the total amount of
application fees on or before the application filing deadline
established under Section 2306.6724(d).
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 under Section 2306.67022, Government Code. 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.