By: Alvarado  S.B. No. 608          (In the Senate - Filed February 8, 2021; March 11, 2021,   read first time and referred to Committee on Local Government;   May 11, 2021, reported favorably by the following vote:  Yeas 9,   Nays 0; May 11, 2021, sent to printer.)Click here to see the committee vote     A BILL TO BE ENTITLED   AN ACT     relating to the allocation of low income housing tax credits.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2306.67022, Government Code, is amended   to read as follows:          Sec. 2306.67022.  QUALIFIED ALLOCATION PLAN; MANUAL. The    [At least biennially, the] board biennially shall adopt a qualified   allocation plan and a corresponding manual to provide information   regarding the administration of and eligibility for the low income   housing tax credit program.  The board may not adopt a [the] plan   and manual more frequently than once during each biennium    [annually, as considered appropriate by the board].          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 under Section 2306.67022, Government Code, as   amended by this Act. 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, 2021.     * * * * *