LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 17, 2023 TO: Honorable J. M. Lozano, Chair, House Committee on Urban Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2856 by Swanson (Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.), As Introduced No significant fiscal implication to the State is anticipated. Based on the analysis of the Texas Department of Housing and Community Affairs, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 332 Department of Housing and Community Affairs LBB Staff: b > td > JMc, AF, SLee LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 17, 2023 TO: Honorable J. M. Lozano, Chair, House Committee on Urban Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2856 by Swanson (Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.), As Introduced TO: Honorable J. M. Lozano, Chair, House Committee on Urban Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2856 by Swanson (Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.), As Introduced Honorable J. M. Lozano, Chair, House Committee on Urban Affairs Honorable J. M. Lozano, Chair, House Committee on Urban Affairs Jerry McGinty, Director, Legislative Budget Board Jerry McGinty, Director, Legislative Budget Board HB2856 by Swanson (Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.), As Introduced HB2856 by Swanson (Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.), As Introduced No significant fiscal implication to the State is anticipated. No significant fiscal implication to the State is anticipated. Based on the analysis of the Texas Department of Housing and Community Affairs, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 332 Department of Housing and Community Affairs 332 Department of Housing and Community Affairs LBB Staff: b > td > JMc, AF, SLee JMc, AF, SLee