Tex. Gov't Code § 1372.0231 · Subchapter B. ALLOCATION AND RESERVATION OF STATE CEILING
DEDICATION OF PORTION OF STATE CEILING AVAILABLE FOR QUALIFIED RESIDENTIAL RENTAL PROJECT BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Until August 15, of that portion of the state ceiling that is available exclusively for reservations by issuers of qualified residential rental project bonds:
(1) 20 percent is available exclusively to the Texas Department of Housing and Community Affairs in the manner described by Subsection (b);
(2) 70 percent is available exclusively to housing finance corporations in the manner described by Subsections (c)-(f); and
(3) 10 percent is available exclusively to the Texas State Affordable Housing Corporation in the manner described by Subsection (b-1).
(b) With respect to the amount of the state ceiling set aside under Subsection (a)(1), the board shall grant reservations at the direction of the Texas Department of Housing and Community Affairs as provided by Section 2306.359 and in a manner that ensures that the set-aside amount is used for proposed projects that are located throughout the state.
(b-1) With respect to the amount of the state ceiling set aside under Subsection (a)(3), the board shall issue qualified residential rental project bonds and allocate bond funds at the direction of the Texas State Affordable Housing Corporation as provided by Section 2306.565. Issuances made by the board under this subsection are subject to review and approval by the board under Section 1231.041.
(c) Repealed by Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 21(2), eff. September 1, 2019.
(d) Except as provided by Subsection (i), before March 1, the board shall apportion the amount of the state ceiling set aside under Subsection (a)(2) among the uniform state service regions according to the percentage of the state's population that resides in each of those regions.
(e) Repealed by Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 21(2), eff. September 1, 2019.
(f) In each area described by Subsection (d), the board shall grant reservations based on the priority levels of proposed projects as described by Section 1372.0321.
(g) On or after March 1, the board may not grant available reservations to housing finance corporations described by Subsection (a) based on uniform state service regions or any segments of those regions.
(h) Allocations by the board at the direction of the Texas Department of Housing and Community Affairs under Subsection (b) are subject to review and approval by the board as provided by Section 1231.041.
(i) Before March 1, the board shall apportion the amount of the state ceiling set aside under Subsection (a)(2) only among uniform state service regions with respect to which an issuer has submitted an application for a reservation of the state ceiling before March 1.
(j) An application by an issuer of qualified residential rental project bonds that is submitted after the deadline for eligibility to participate in the lottery has a priority lower than that of every application submitted before that date.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1367, Sec. 10.02, eff. Sept. 1, 2001. Amended by Acts 2003, 78th Leg., ch. 330, Sec. 27, eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 332, Sec. 3, eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 969, Sec. 1, eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 1329, Sec. 4, eff. Sept. 1, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 23.001(37), eff. September 1, 2005.
Acts 2007, 80th Leg., R.S., Ch. 1108 (H.B. 3552), Sec. 6, eff. September 1, 2007.
Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 5, eff. September 1, 2019.
Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 6, eff. September 1, 2019.
Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 21(2), eff. September 1, 2019.
Acts 2023, 88th Leg., R.S., Ch. 1006 (H.B. 1766), Sec. 2, eff. June 18, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1372.htm
- Text hash
- sha256 01e0d65d4f069f5ac8780ceee6190eff9153544b380e075b54bf8167f7fdc2af
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Tex. Gov't Code § 1231.041APPROVAL OF STATE SECURITY.Printed as Section 1231.041
- Tex. Gov't Code § 1372.0321PRIORITIES FOR RESERVATIONS AMONG ISSUERS OF QUALIFIED RESIDENTIAL RENTAL PROJECT ISSUES.Printed as Section 1372.0321
- Tex. Gov't Code § 2306.359ISSUANCE OF PRIVATE ACTIVITY BONDS.Printed as Section 2306.359
- Tex. Gov't Code § 2306.565ISSUANCE OF QUALIFIED RESIDENTIAL RENTAL PROJECT BONDS; ALLOCATION OF BOND FUNDS.Printed as Section 2306.565
Cited by 4 provisions
Provisions in this library whose text cites Tex. Gov't Code § 1372.0231. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 1372.023DEDICATION OF PORTIONS OF STATE CEILING TO TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS.Printed as Section 1372.0231
- Tex. Gov't Code § 1372.031PRIORITIES FOR RESERVATIONS AMONG CERTAIN ISSUERS.Printed as Sections 1372.0321, 1372.0231, and 1372.035(c)
- Tex. Gov't Code § 2306.565ISSUANCE OF QUALIFIED RESIDENTIAL RENTAL PROJECT BONDS; ALLOCATION OF BOND FUNDS.Printed as Section 1372.0231(a)
- Tex. Gov't Code § 2306.6703INELIGIBILITY FOR CONSIDERATION.Printed as Section 1372.0231
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