The board by rule may develop and implement a program to purchase low income housing tax credit property that is not purchased by a qualified nonprofit organization or tenant organization. The department may not purchase low income housing tax credit property if the board finds that the purchase is not in the best interest of the state.
Tex. Gov't Code § 2306.6727
DEPARTMENT PURCHASE OF LOW INCOME HOUSING TAX CREDIT PROPERTY
Added by Acts 1997, 75th Leg., ch. 980, Sec. 49, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.