85R12799 JAM-F     By: Watson S.B. No. 1990       A BILL TO BE ENTITLED   AN ACT   relating to low income housing tax credits awarded for certain   developments.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2306.6711, Government Code, is amended   by adding Subsection (j) to read as follows:          (j)  Except as necessary to comply with the nonprofit   set-aside required by Section 42(h)(5), Internal Revenue Code of   1986 (26 U.S.C. Section 42(h)(5)), and except as otherwise provided   by this subsection, in each urban subregion of a uniform state   service region that contains a municipality with a population of   285,000 or more, the board shall allocate housing tax credits to the   highest scoring development, if any, that qualifies as a supportive   housing project and is located in that urban subregion in a   municipality with a population of 285,000 or more.  The department   by rule shall establish requirements for a supportive housing   project to qualify for housing tax credits under this subsection.     The department is not required to award housing tax credits to more   than the five highest scoring supportive housing projects under   this subsection in an application cycle.          SECTION 2.  The change in law made by this Act applies only   to the allocation of low income housing tax credits for an   application cycle that begins on or after January 1, 2019. The   allocation of low income housing tax credits for an application   cycle that begins before January 1, 2019, 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, 2017.