86R8769 JG-D
By: Calanni, Morales H.B. No. 1881
A BILL TO BE ENTITLED
AN ACT
relating to application requirements for low income housing tax
credits for developments financed through the private activity bond
program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.67071(a), Government Code, is
amended to read as follows:
(a) Before submitting to the department an application for
housing tax credits for developments financed through the private
activity bond program, including private activity bonds issued by
the department, the Texas State Affordable Housing Corporation, or
a local issuer, an applicant must provide notice of the intent to
file the application to:
(1) the governing body of a municipality in which the
proposed development site is to be located;
(2) subject to Subdivision (3), the commissioners
court of a county in which the proposed development site is to be
located, if the proposed site is to be located in an area of a county
that is not part of a municipality; or
(3) the commissioners court of a county in which the
proposed development site is to be located and the governing body of
the applicable municipality, if the proposed site is to be located
in the extraterritorial jurisdiction of a municipality with a
population of less than two million.
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 2020 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, 2019.