Bill Text: TX SB1829 | 2019-2020 | 86th Legislature | Introduced

Texas Senate Bill 1829 (Prior Session Legislation)

Introduced

Bill Title: Relating to application requirements for low income housing tax credits for developments financed through the private activity bond program.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-18 - Referred to Intergovernmental Relations [SB1829 Detail]

Download: Texas-2019-SB1829-Introduced.html

	86R8769 JG-D

	By: Alvarado	S.B. No. 1829



	A BILL TO BE ENTITLED
	AN ACT
	relating to application requirements for low income housing tax
	credits for developments financed through the private activity bond
	program.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 2306.67071(a), Government Code, is
	amended to read as follows:
	(a) Before submitting to the department an application for
	housing tax credits for developments financed through the private
	activity bond program, including private activity bonds issued by
	the department, the Texas State Affordable Housing Corporation, or
	a local issuer, an applicant must provide notice of the intent to
	file the application to:
	(1) the governing body of a municipality in which the
	proposed development site is to be located;
	(2) subject to Subdivision (3), the commissioners
	court of a county in which the proposed development site is to be
	located, if the proposed site is to be located in an area of a county
	that is not part of a municipality; or
	(3) the commissioners court of a county in which the
	proposed development site is to be located and the governing body of
	the applicable municipality, if the proposed site is to be located
	in the extraterritorial jurisdiction of a municipality with a
	population of less than two million.
	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.