Sec. 2306.6729.  QUALIFIED NONPROFIT ORGANIZATION.  (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.