For expiration of Subsections (d) and (e), see Subsection (e).

1. (a) At least biennially, the board 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 adopt the plan and manual annually, as considered appropriate by the board.
2. (b) The board shall adjust to reflect inflation any amount specified in the qualified allocation plan relating to the acceptable cost of a development by square foot. The board shall use 2021 as the base year for the adjustment.
3. (c) In making the computation under Subsection (b), the board shall consider the Consumer Price Index for All Urban Consumers, or its successor in function, published by the United States Bureau of Labor Statistics.

4. (d) The department may not:

   1. (1) require as part of the threshold criteria under a qualified allocation plan that a public school campus with an attendance zone that contains the proposed development site satisfy certain criteria relating to educational quality, as specified by the department in that plan; or
   2. (2) adopt a qualified allocation plan that uses a scoring system that awards points to an application based on criteria relating to the educational quality of a public school campus with an attendance zone that contains the proposed development site.
5. (e) This subsection and Subsection (d) expire September 1, 2027.

Added by Acts 2001, 77th Leg., ch. 1367, Sec. 8.01, eff. Sept. 1, 2001.

Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 74.03, eff. September 28, 2011.

Acts 2023, 88th Leg., R.S., Ch. 883 (H.B. 4550), Sec. 1, eff. September 1, 2023.

Acts 2025, 89th Leg., R.S., Ch. 904 (S.B. 2137), Sec. 1, eff. September 1, 2025.