Bill Text: TX SB1992 | 2017-2018 | 85th Legislature | Enrolled
Bill Title: Relating to the allocation of housing tax credits to developments within proximate geographical areas.
Spectrum: Bipartisan Bill
Status: (Vetoed) 2017-06-15 - Vetoed by the Governor [SB1992 Detail]
Download: Texas-2017-SB1992-Enrolled.html
| S.B. No. 1992 | ||
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| relating to the allocation of housing tax credits to developments | ||
| within proximate geographical areas. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 2306.6711(f), Government Code, is | ||
| amended to read as follows: | ||
| (f) The board may allocate housing tax credits to more than | ||
| one development in a single community, as defined by department | ||
| rule, in the same calendar year only if the developments are or will | ||
| be located more than two linear miles apart or will serve different | ||
| types of households, as defined by department rule. This | ||
| subsection applies only to communities contained within counties | ||
| with populations exceeding 1.5 [ |
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| not prohibit the department from adopting rules under this chapter | ||
| that are specific to other geographic areas of the state. | ||
| 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 2018 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, 2017. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 1992 passed the Senate on | ||
| May 11, 2017, by the following vote: Yeas 28, Nays 3; and that the | ||
| Senate concurred in House amendment on May 27, 2017, by the | ||
| following vote: Yeas 28, Nays 3. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 1992 passed the House, with | ||
| amendment, on May 24, 2017, by the following vote: Yeas 141, | ||
| Nays 5, two present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
