H.B. No. 3574
AN ACT
relating to the allocation of low income housing tax credits.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. (a) Section 2306.6710(a), Government Code, is
amended to read as follows:
(a) In evaluating an application, the department shall
determine whether the application satisfies the threshold criteria
required by the board in the qualified allocation plan.
Educational Quality may be considered by the department as part of
the threshold criteria but shall not be considered by the
department as a scoring factor. The department shall reject and
return to the applicant any application that fails to satisfy the
threshold criteria.
(b) Effective September 1, 2019, Section 2306.6710(a),
Government Code, is amended to read as follows:
(a) In evaluating an application, the department shall
determine whether the application satisfies the threshold criteria
required by the board in the qualified allocation plan. The
department shall reject and return to the applicant any application
that fails to satisfy the threshold criteria.
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. Not later than September 1, 2019, the department
shall report the outcome of considering Educational
Quality in
threshold and not as a scoring factor in an application.
SECTION 4. Except as otherwise provided by this Act, this
Act takes effect September 1, 2017.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 3574 was passed by the House on May 9,
2017, by the following vote: Yeas 133, Nays 12, 2 present, not
voting; and that the House concurred in Senate amendments to H.B.
No. 3574 on May 26, 2017, by the following vote: Yeas 97, Nays 48,
2 present, not voting, and that the House adopted H.C.R. No. 154
authorizing certain corrections in H.B. No. 3574 on May 28, 2017, by
the following vote: Yeas 141, Nays 0, 2 present, not voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 3574 was passed by the Senate, with
amendments, on May 24, 2017, by the following vote: Yeas 28, Nays
3, and that the Senate adopted H.C.R. No. 154 authorizing certain
corrections in H.B. No. 3574 on May 28, 2017, by the following vote:
Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: __________________
Date
__________________
Governor