Texas 2025 - 89th Regular

Texas House Bill HB293 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R66 JAM-D
2	2	By: Swanson H.B. No. 293
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7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to the requirements for applications for low income
10	10	housing tax credits for developments financed through the private
11	11	activity bond program.
12	12	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	13	SECTION 1. The heading to Section 2306.67071, Government
14	14	Code, is amended to read as follows:
15	15	Sec. 2306.67071. ADDITIONAL APPLICATION REQUIREMENT:
16	16	DEVELOPMENTS FINANCED THROUGH PRIVATE ACTIVITY BOND PROGRAM
17	17	[NOTICE, HEARING, AND RESOLUTION BY CERTAIN GOVERNING BODIES].
18	18	SECTION 2. Section 2306.67071, Government Code, is amended
19	19	by amending Subsections (a) and (d) and adding Subsection (c-1) to
20	20	read as follows:
21	21	(a) Before submitting to the department an application for
22	22	housing tax credits for developments financed through the private
23	23	activity bond program, including private activity bonds issued by
24	24	the department, the Texas State Affordable Housing Corporation, or
25	25	a local issuer, an applicant must provide notice of the intent to
26	26	file the application:
27	27	(1) to the state representative who represents the
28	28	district containing the proposed development site; and
29	29	(2) to:
30	30	(A) [(1)] the governing body of a municipality in
31	31	which the proposed development site is to be located;
32	32	(B) [(2)] subject to Paragraph (C) [Subdivision
33	33	(3)], the commissioners court of a county in which the proposed
34	34	development site is to be located, if the proposed site is to be
35	35	located in an area of a county that is not part of a municipality; or
36	36	(C) [(3)] the commissioners court of a county in
37	37	which the proposed development site is to be located and the
38	38	governing body of the applicable municipality, if the proposed site
39	39	is to be located in the extraterritorial jurisdiction of a
40	40	municipality.
41	41	(c-1) Regardless of whether the applicant has complied with
42	42	Subsection (c), the board may not approve an application for
43	43	housing tax credits for a development financed through the private
44	44	activity bond program if the state representative who represents
45	45	the district containing the proposed development site submits to
46	46	the department a letter opposing the development.
47	47	(d) The department by rule may provide for the time and
48	48	manner of the submission to the department of a resolution required
49	49	by Subsection (c) or a letter described by Subsection (c-1).
50	50	SECTION 3. The change in law made by this Act applies only
51	51	to an application for low income housing tax credits that is
52	52	submitted to the Texas Department of Housing and Community Affairs
53	53	during an application cycle that is based on the 2026 qualified
54	54	allocation plan or a subsequent plan adopted by the governing board
55	55	of the department. An application that is submitted during an
56	56	application cycle that is based on an earlier qualified allocation
57	57	plan is governed by the law in effect on the date the application
58	58	cycle began, and the former law is continued in effect for that
59	59	purpose.
60	60	SECTION 4. This Act takes effect immediately if it receives
61	61	a vote of two-thirds of all the members elected to each house, as
62	62	provided by Section 39, Article III, Texas Constitution. If this
63	63	Act does not receive the vote necessary for immediate effect, this
64	64	Act takes effect September 1, 2025.