Texas 2019 - 86th Regular

Texas Senate Bill SB493 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	S.B. No. 493
	1	+	By: Alvarado S.B. No. 493
	2	+	(Thompson of Harris, Allen, Farrar, Morales,
	3	+	Rodriguez, et al.)
2	4
3	5
	6	+	A BILL TO BE ENTITLED
4	7		AN ACT
5	8		relating to the allocation of housing tax credits to developments
6	9		within proximate geographical areas.
7	10		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
8	11		SECTION 1. Section 2306.6711, Government Code, is amended
9	12		by amending Subsection (f) and adding Subsection (f-1) to read as
10	13		follows:
11	14		(f) Except as provided by Subsection (f-1), the [The] board
12	15		may allocate housing tax credits to more than one development in a
13	16		single community, as defined by department rule, in the same
14	17		calendar year only if the developments are or will be located more
15	18		than two linear miles apart. This subsection applies only to
16	19		communities contained within counties with populations exceeding
17	20		one million.
18	21		(f-1) The board may allocate housing tax credits to more
19	22		than one development in a single community only if:
20	23		(1) the community is located in:
21		-	(A) a ~~municipality~~ with a population of ~~two~~
22		-	~~million or~~ more; and
	24	+	(A) a county with a population of four million or
	25	+	more; and
23	26		(B) an area that is a federally declared disaster
24	27		area; and
25	28		(2) the governing body of the municipality containing
26		-	the development:
	29	+	the development or, if located outside a municipality, the county
	30	+	containing the development:
27	31		(A) has by vote specifically authorized the
28	32		allocation of housing tax credits for the development; and
29	33		(B) is authorized to administer disaster
30	34		recovery funds as a subgrant recipient.
31	35		SECTION 2. The changes in law made by this Act apply only to
32	36		an application for low income housing tax credits that is submitted
33	37		to the Texas Department of Housing and Community Affairs during an
34	38		application cycle that is based on the 2020 qualified allocation
35	39		plan or a subsequent plan adopted by the governing board of the
36	40		department. An application that is submitted during an application
37	41		cycle that is based on an earlier qualified allocation plan is
38	42		governed by the law in effect on the date the application cycle
39	43		began, and the former law is continued in effect for that purpose.
40	44		SECTION 3. This Act takes effect September 1, 2019.
41		-	______________________________ ______________________________
42		-	President of the Senate Speaker of the House
43		-	I hereby certify that S.B. No. 493 passed the Senate on
44		-	April 17, 2019, by the following vote: Yeas 30, Nays 1; and that
45		-	the Senate concurred in House amendment on May 21, 2019, by the
46		-	following vote: Yeas 31, Nays 0.
47		-	______________________________
48		-	Secretary of the Senate
49		-	I hereby certify that S.B. No. 493 passed the House, with
50		-	amendment, on May 9, 2019, by the following vote: Yeas 107,
51		-	Nays 26, two present not voting.
52		-	______________________________
53		-	Chief Clerk of the House
54		-	Approved:
55		-	______________________________
56		-	Date
57		-	______________________________
58		-	Governor