Assigned to Committee Authored by Mihaela Plesa (D) View at Source
Caption: Relating to the definition of "closing" for purposes of certain private activity bonds. Initially Referred to House Pensions, Investments & Financial Services Committee, chaired by a Republican Last Referred to Senate Business & Commerce Committee, chaired by a Republican
Texas Policy Research Priority #1: TPR Vote Recommendation OPPOSED
HB 1718 modifies the definition of "closing" for private activity bonds under the Texas Government Code. It redefines "closing" as the delivery of a bond in exchange for the required payment, including incremental funding with a minimum partial payment of 10%. The bill also stipulates that closing does not occur if the bond's proceeds' expenditure depends on obtaining credit enhancement. This change clarifies procedures for bond delivery and funding, particularly for qualified residential rental projects.
Joint authors: Bowers (D); Garcia, L. (D); Hayes (R); Ordaz (D) Co-authors: Morales Shaw (D)
Jan 2, 2025
(H) Plesa signed onto the bill as Author (H) Filed
Mar 14, 2025
(H) Read first time (H) Referred to the House Pensions, Investments & Financial Services, chaired by a Republican
Mar 24, 2025
(H) Scheduled for public hearing on . . . (H) Considered in public hearing (H) Testimony taken/registration(s) recorded in committee (H) Left pending in committee
Mar 31, 2025
(H) House Pensions, Investments & Financial Services met. (H) Considered in public hearing (H) Reported favorably w/o amendment(s)
Apr 4, 2025
(H) Comte report filed with Committee Coordinator (H) Committee report distributed (H) Committee report sent to Calendars
Apr 17, 2025
(H) Ordaz signed onto the bill as Joint Author (H) Garcia, L. signed onto the bill as Joint Author (H) Bowers signed onto the bill as Joint Author (H) Considered in Calendars
Apr 22, 2025
(H) Hayes signed onto the bill as Joint Author (H) Placed on General State Calendar (H) Read 2nd time (H) Passed to engrossment (H) Record vote
RV#348: Yea 123 (R 65, D 58) - Nay 15 (R 15, D 0) View Source
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(H) Statement(s) of vote recorded in Journal (H) Reported engrossed (S) Received from the House
Apr 28, 2025
(S) Read first time (S) Referred to the Senate Business & Commerce, chaired by a Republican
Apr 29, 2025
(H) Morales Shaw signed onto the bill as Coauthor
Lobbying Against/For/On This Bill
For
(Mon 3/24/2025) Testifying before H Pensions, Investments & Financial Services as David Gregorcyk for Journeyman Group (Mon 3/24/2025) Testifying before H Pensions, Investments & Financial Services as Steve Poppoon for self (Mon 3/24/2025) Testifying before H Pensions, Investments & Financial Services as Tim Alcott for self (with National Association of Housing and Redevelopment Officials - Texas Chapter (TxNAHRO)) (Mon 3/24/2025) Registering before H Pensions, Investments & Financial Services as Eric Woomer for National Association of Housing and Redevelopment Officials - Texas Chapter (TxNAHRO) (Mon 3/24/2025) Registering before H Pensions, Investments & Financial Services as James Morrison Jr for LDG Development (Mon 3/24/2025) Registering before H Pensions, Investments & Financial Services as Julie Wheeler for Travis County Commissioners Court (Mon 3/24/2025) Registering before H Pensions, Investments & Financial Services as Michael Warner for self (with Holland and Knight) (Mon 3/24/2025) Registering before H Pensions, Investments & Financial Services as Sarah Berel-Harrop for self (Mon 3/24/2025) Registering before H Pensions, Investments & Financial Services as Thomas Parkinson for self
