§ 2306.6740 — DESIGNATION OF CERTAIN AREAS AS RURAL.

Texas § 2306.6740

• Jurisdiction: Texas
• Code GV: Government Code

Text

Sec. 2306.6740. DESIGNATION OF CERTAIN AREAS AS RURAL. (a) The department by rule shall provide for the designation by the department of an area located within the boundaries of a primary metropolitan statistical area or a metropolitan statistical area as a rural area under Section 2306.6702 (a)(12)(B) for purposes of receiving housing tax credits administered by the department under this subchapter.
(b) Rules adopted under this section must:
(1) provide procedures by which a political subdivision or a census-designated place may apply for a rural designation;
(2) provide guidelines for designating an area as rural, including specifying:
(A) conditions under which a rural designation is not appropriate, including the proximity of the area to or the presence of major amenities commonly associated with urban or suburban areas; and
(B) conditions under which a rural designation is appropriate, including areas with low population density, the proximity of the area to or the absence of major amenities commonly associated with urban or suburban areas, a high level of undeveloped land, a significant presence of unimproved roads, or significant agricultural activity; and
(3) ensure that any housing tax credits allocated to a designated rural area comply with applicable federal requirements regarding that assistance.
SUBCHAPTER FF. OWNER-BUILDER LOAN PROGRAM

Legislative History

Added by Acts 2015, 84th Leg., R.S., Ch. 916 (H.B. 74 ), Sec. 2, eff. September 1, 2015.