S.B. No. 1992
AN ACT
relating to the allocation of housing tax credits to developments
within proximate geographical areas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.6711(f), Government Code, is
amended to read as follows:
(f) The board may allocate housing tax credits to more than
one development in a single community, as defined by department
rule, in the same calendar year only if the developments are or will
be located more than two linear miles apart or will serve different
types of households, as defined by department rule. This
subsection applies only to communities contained within counties
with populations exceeding 1.5 [one] million. This subsection does
not prohibit the department from adopting rules under this chapter
that are specific to other geographic areas of the state.
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.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 1992 passed the Senate on
May 11, 2017, by the following vote: Yeas 28, Nays 3; and that the
Senate concurred in House amendment on May 27, 2017, by the
following vote: Yeas 28, Nays 3.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 1992 passed the House, with
amendment, on May 24, 2017, by the following vote: Yeas 141,
Nays 5, two present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor