85R10935 JAM-D
By: Dutton H.B. No. 2261
A BILL TO BE ENTITLED
AN ACT
relating to the amendment of an application for an allocation of low
income housing tax credits.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.6708(a), Government Code, is
amended to read as follows:
(a) Except as provided by Subsection (b), an applicant may
not change or supplement an application in any manner after the
filing deadline, including a change or supplement related to the
financial feasibility of the development as established for
purposes of the department's evaluation under Section
2306.6710(b)(1)(A).
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. 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.