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
  86R23358 JAM-D
 
  By: Button, Price, Shaheen, Goodwin, Guerra, H.B. No. 1973
      et al.
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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.
feedback