DESIGNATION OF ENTERPRISE ZONES.

SEC. 1090. DESIGNATION OF ENTERPRISE ZONES. (a) Criteria for Ranking Nominated Areas.— The first sentence of section 701(a)(3)(A) of the Housing and Community Development Act of 1987 (42 U.S.C. 11501(a)(3)(A)) is amended to read as follows: “Except as provided in subparagraph (B), the Secretary shall designate (i) the nominated areas with the highest average ranking with respect to the criteria set forth in subparagraphs (C) and (D) of subsection (c)(3), and the 1 criterion set forth in subparagraph (E)(i) or (E)(ii) of subsection (c)(3) that gives an area a higher ranking; and (ii) for areas described in paragraph (2)(B), the nominated areas with the highest ranking with respect to the 1 criterion set forth in subparagraph (C), (D), (E)(i), or (E)(ii) of subsection (c)(3) that gives an area a higher ranking.”, (b) Correction of Cross-Reference.— Section 701(a)(2)(B) of the Housing and Community Development Act of 1987 (42 U.S.C. H501(a)(2)(B)) is amended by striking “under clause (i)” and inserting “under subparagraph (A)”. (c) Regulations.— Not later than 30 days after the date of the enactment of this Act, the Secretary of Housing and Urban Development shall revise the regulations issued by the Secretary to carry out title VII of the Housing and Community Development Act of 1987 (42 U.S.C. 11501 et seq.) by issuing a final regulation, effective upon the date of publication, that carries out the amendments made by this section.