Tex. Gov't Code § 2306.6729

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2306.6729 - Qualified Nonprofit Organization

(a) A qualified nonprofit organization may compete in any low income housing tax credit allocation pool, including:

(1) the nonprofit allocation pool;

(2) the rural projects/prison communities allocation pool; and

(3) the general projects allocation pool.

(b) A qualified nonprofit organization submitting an application under this subchapter must have a controlling interest in a project proposed to be financed with a low income housing tax credit from the nonprofit allocation pool.

Tex. Gov't. Code § 2306.6729

Added by Acts 2001, 77th Leg., ch. 1367, Sec. 1.30, eff. 9/1/2001.