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|---|---|---|---|
| 1 | 1 | 85R10935 JAM-D | |
| 2 | 2 | By: Dutton H.B. No. 2261 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the amendment of an application for an allocation 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 2306.6708(a), Government Code, is | |
| 11 | 11 | amended to read as follows: | |
| 12 | 12 | (a) Except as provided by Subsection (b), an applicant may | |
| 13 | 13 | not change or supplement an application in any manner after the | |
| 14 | 14 | filing deadline, including a change or supplement related to the | |
| 15 | 15 | financial feasibility of the development as established for | |
| 16 | 16 | purposes of the department's evaluation under Section | |
| 17 | 17 | 2306.6710(b)(1)(A). | |
| 18 | 18 | SECTION 2. The change in law made by this Act applies only | |
| 19 | 19 | to an application for low income housing tax credits that is | |
| 20 | 20 | submitted to the Texas Department of Housing and Community Affairs | |
| 21 | 21 | during an application cycle that is based on the 2018 qualified | |
| 22 | 22 | allocation plan or a subsequent plan adopted by the governing board | |
| 23 | 23 | of the department. An application that is submitted during an | |
| 24 | 24 | application cycle that is based on an earlier qualified allocation | |
| 25 | 25 | plan is governed by the law in effect on the date the application | |
| 26 | 26 | cycle began, and the former law is continued in effect for that | |
| 27 | 27 | purpose. | |
| 28 | 28 | SECTION 3. This Act takes effect September 1, 2017. |