Tex. Gov't Code § 2306.6734 · Subchapter DD. LOW INCOME HOUSING TAX CREDIT PROGRAM
MINORITY-OWNED BUSINESSES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The department shall require a person who receives an allocation of housing tax credits to attempt to ensure that at least 30 percent of the construction and management businesses with which the person contracts in connection with the development are minority-owned businesses.
(b) A person who receives an allocation of housing tax credits must report to the department not less than once in each 90-day period following the date of allocation regarding the percentage of businesses with which the person has contracted that qualify as minority-owned businesses.
(c) In this section:
(1) "Minority-owned business" means a business entity at least 51 percent of which is owned by members of a minority group or, in the case of a corporation, at least 51 percent of the shares of which are owned by members of a minority group, and that is managed and controlled by members of a minority group in its daily operations.
(2) "Minority group" includes:
(A) women;
(B) African Americans;
(C) American Indians;
(D) Asian Americans; and
(E) Mexican Americans and other Americans of Hispanic origin.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1367, Sec. 8.01, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm
- Text hash
- sha256 63413aa0e04f3ed46bcbbb2133a5a5fb43aa3d059ba15f5ba6fd088478bc5665
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.