HB 182 — The definition of "closing"
This bill covers the definition of "closing" for purposes of certain private activity bonds.
This bill covers the definition of "closing" for purposes of certain private activity bonds.
Author: Plesa. Filed: 11/09/2026 (H Filed). Caption: “Relating to the definition of "closing" for purposes of certain private activity bonds.”
Subjects: Housing--General (I0405), State Finances--Management & Control (I0748), BONDS (S6060). Council document: see the Legislature history page.
Full bill text (Introduced)
Official text from the Texas Legislature. Bill history for HB 182 · Bill text (HTML).
90R5328 SZA-D By: Plesa H.B. No. 182 relating to the definition of "closing" for purposes of certain private activity bonds.
SECTION 1. Section 1372.001(3), Government Code, is amended to read as follows: (3) "Closing" means the [ issuance and ] delivery of a bond by an issuer in exchange for the required payment for the bond. The term includes, for a qualified residential rental project bond, delivery of a bond in exchange for a partial payment for the incremental funding of the bond in accordance with the terms of the bond, provided that the partial payment is not less than 10 percent of the required payment for the bond. The term does not include a delivery of a bond if expenditure of the proceeds of the bond is conditioned on obtaining credit enhancement in support of the bond.
SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2027.
Sources: Texas Legislature, Today's Filed Bills in the House (11/09/2026), HB 182; 90th Legislature BillLookup history and Introduced bill text.