86R6825 JG-D
 
  By: Watson S.B. No. 542
 
 
 
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 the applicant
  obtains prior approval of the development from the governing body
  of the municipality containing the development or, if located
  outside a municipality, the county containing the development.
  This subsection does not prohibit the department from adopting
  rules under this chapter for specific geographic areas of this
  state [applies only to communities contained within counties with
  populations exceeding one million].
         SECTION 2.  The changes in law made by this Act apply 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.