(a) The department shall adopt rules outlining formal rulemaking procedures for the low income housing tax credit program and the multifamily housing mortgage revenue bond program in accordance with Chapter 2001.
(b) The rules adopted under Subsection (a) must include:
(1) procedures for allowing interested parties to petition the department to request the adoption of a new rule or the amendment of an existing rule;
(2) notice requirements and deadlines for taking certain actions; and
(3) a provision for a public hearing.

Terms Used In Texas Government Code 2306.1711

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Rule: includes regulation. See Texas Government Code 311.005

(c) The department shall provide for public input before adopting rules for programs with requests for proposals and notices of funding availability.

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