Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1992 by Watson (Relating to the allocation of housing tax credits to developments within proximate geographical areas.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code relating to the allocation of housing tax credits to developments within proximate geographical areas. The bill would permit the Texas Department of Housing and Community Affairs to allocate housing tax credits to more than one development in a single community if certain conditions apply.
The Texas Department of Housing and Community Affairs anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.