Bill Text: TX HB1973 | 2019-2020 | 86th Legislature | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the system by which an application for a low income housing tax credit is scored.
Spectrum: Slight Partisan Bill (Republican 19-9)
Status: (Passed) 2019-06-14 - Effective on 9/1/19 [HB1973 Detail]
Download: Texas-2019-HB1973-Engrossed.html
Bill Title: Relating to the system by which an application for a low income housing tax credit is scored.
Spectrum: Slight Partisan Bill (Republican 19-9)
Status: (Passed) 2019-06-14 - Effective on 9/1/19 [HB1973 Detail]
Download: Texas-2019-HB1973-Engrossed.html
86R23358 JAM-D | ||
By: Button, Price, Shaheen, Goodwin, Guerra, | H.B. No. 1973 | |
et al. |
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relating to the system by which an application for a low income | ||
housing tax credit is scored. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2306.6710, Government Code, is amended | ||
by adding Subsection (g) to read as follows: | ||
(g) If no written statement is received for an application | ||
under Subsection (b)(1)(J), the department shall use the maximum | ||
number of points that could have been awarded under that paragraph | ||
to increase the maximum number of points that may be awarded for | ||
that application under Subsection (b)(1)(B). If awarding points | ||
under Subsection (b)(1)(B)(iii), the department shall reallocate | ||
the points from the scoring category provided by Subsection | ||
(b)(1)(J) equally between the political subdivisions described by | ||
Subsection (b)(1)(B)(iii). In awarding points transferred under | ||
this subsection from the scoring category provided by Subsection | ||
(b)(1)(J) to the scoring category provided by Subsection (b)(1)(B), | ||
the department shall award: | ||
(1) positive points for positive resolutions adopted; | ||
(2) negative points for negative resolutions adopted; | ||
and | ||
(3) zero points for neutral resolutions adopted. | ||
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. |