Texas § GV.2306.6734 - MINORITY-OWNED BUSINESSES
Full text of Texas The Texas Constitution § GV.2306.6734 — MINORITY-OWNED BUSINESSES, with citation guidance and answers to common questions.
§ GV.2306.6734. MINORITY-OWNED BUSINESSES
MINORITY-OWNED BUSINESSES. (a) The department shall require a person who receives an allocation of housing tax credits to attempt to ensure that at least 30 percent of the construction and management businesses with which the person contracts in connection with the development are minority-owned businesses. (b) A person who receives an allocation of housing tax credits must report to the department not less than once in each 90-day period following the date of allocation regarding the percentage of businesses with which the person has contracted that qualify as minority-owned businesses. (c) In this section: (1) "Minority-owned business" means a business entity at least 51 percent of which is owned by members of a minority group or, in the case of a corporation, at least 51 percent of the shares of which are owned by members of a minority group, and that is managed and controlled by members of a minority group in its daily operations. (2) "Minority group" includes: (A) women; (B) African Americans; (C) American Indians; (D) Asian Americans; and (E) Mexican Americans and other Americans of Hispanic origin. Added by Acts 2001, 77th Leg., ch. 1367, Sec. 8.01, eff. Sept. 1, 2001.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.2306.6734
What does The Texas Constitution § GV.2306.6734 cover?
Section GV.2306.6734 ("MINORITY-OWNED BUSINESSES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.2306.6734?
A common citation format is "The Texas Constitution § GV.2306.6734" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.2306.6734 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.