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AN ACT
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relating to the allocation of low income housing tax credits. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) Section 2306.6710(a), Government Code, is |
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amended to read as follows: |
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(a) In evaluating an application, the department shall |
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determine whether the application satisfies the threshold criteria |
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required by the board in the qualified allocation plan. |
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Educational Quality may be considered by the department as part of |
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the threshold criteria but shall not be considered by the |
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department as a scoring factor. The department shall reject and |
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return to the applicant any application that fails to satisfy the |
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threshold criteria. |
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(b) Effective September 1, 2019, Section 2306.6710(a), |
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Government Code, is amended to read as follows: |
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(a) In evaluating an application, the department shall |
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determine whether the application satisfies the threshold criteria |
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required by the board in the qualified allocation plan. The |
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department shall reject and return to the applicant any application |
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that fails to satisfy the threshold criteria. |
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SECTION 2. The change in law made by this Act applies only |
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to an application for low income housing tax credits that is |
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submitted to the Texas Department of Housing and Community Affairs |
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during an application cycle that is based on the 2018 qualified |
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allocation plan or a subsequent plan adopted by the governing board |
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of the department under Section 2306.67022, Government Code. An |
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application that is submitted during an application cycle that is |
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based on an earlier qualified allocation plan is governed by the law |
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in effect on the date the application cycle began, and the former |
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law is continued in effect for that purpose. |
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SECTION 3. Not later than September 1, 2019, the department |
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shall report the outcome of considering Educational |
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Quality in |
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threshold and not as a scoring factor in an application. |
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SECTION 4. Except as otherwise provided by this Act, this |
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Act takes effect September 1, 2017. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3574 was passed by the House on May 9, |
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2017, by the following vote: Yeas 133, Nays 12, 2 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 3574 on May 26, 2017, by the following vote: Yeas 97, Nays 48, |
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2 present, not voting, and that the House adopted H.C.R. No. 154 |
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authorizing certain corrections in H.B. No. 3574 on May 28, 2017, by |
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the following vote: Yeas 141, Nays 0, 2 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3574 was passed by the Senate, with |
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amendments, on May 24, 2017, by the following vote: Yeas 28, Nays |
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3, and that the Senate adopted H.C.R. No. 154 authorizing certain |
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corrections in H.B. No. 3574 on May 28, 2017, by the following vote: |
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Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |