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  H.B. No. 3535
 
 
 
 
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 (g) to read as follows:
         (g)  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)), in an urban subregion of a
  uniform state service region that contains a county with a
  population of more than 1.7 million, the board shall allocate
  housing tax credits to the highest scoring development, if any,
  that is part of a concerted plan of revitalization and is located in
  that urban subregion in a municipality with a population of 500,000
  or more.
         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, 2017. The
  allocation of low income housing tax credits for an application
  cycle that begins before January 1, 2017, 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, 2015.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 3535 was passed by the House on May 5,
  2015, by the following vote:  Yeas 130, Nays 15, 2 present, not
  voting; that the House refused to concur in Senate amendments to
  H.B. No. 3535 on May 27, 2015, and requested the appointment of a
  conference committee to consider the differences between the two
  houses; and that the House adopted the conference committee report
  on H.B. No. 3535 on May 31, 2015, by the following vote:  Yeas 79,
  Nays 63, 3 present, not voting.
 
  ______________________________
  Chief Clerk of the House   
 
         I certify that H.B. No. 3535 was passed by the Senate, with
  amendments, on May 24, 2015, by the following vote:  Yeas 19, Nays
  11; at the request of the House, the Senate appointed a conference
  committee to consider the differences between the two houses; and
  that the Senate adopted the conference committee report on H.B. No.
  3535 on May 30, 2015, by the following vote:  Yeas 23, Nays 8.
 
  ______________________________
  Secretary of the Senate   
  APPROVED: __________________
                  Date       
   
           __________________
                Governor