86R9030 JG-F
 
  By: Alvarado S.B. No. 493
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the allocation of housing tax credits to developments
  within proximate geographical areas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2306.6711(f), Government Code, is
  amended to read as follows:
         (f)  The board may allocate housing tax credits to more than
  one development in a single community, as defined by department
  rule, in the same calendar year only if the developments are or will
  be located more than two linear miles apart or are located in an
  area declared to be a disaster under Section 418.014. This
  subsection applies only to communities contained within counties
  with populations exceeding one million.
         SECTION 2.  The change in law made by this Act applies only
  to an application for low income housing tax credits that is
  submitted to the Texas Department of Housing and Community Affairs
  during an application cycle that is based on the 2020 qualified
  allocation plan or a subsequent plan adopted by the governing board
  of the department. An application that is submitted during an
  application cycle that is based on an earlier qualified allocation
  plan is governed by the law in effect on the date the application
  cycle began, and the former law is continued in effect for that
  purpose.
         SECTION 3.  This Act takes effect September 1, 2019.