Sec. 2306.6729. QUALIFIED NONPROFIT ORGANIZATION

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(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.

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

                    
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