Tex. Government Code § 1372.041
REFUSAL TO ACCEPT RESERVATION BY ISSUER
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 1372.041, REFUSAL TO ACCEPT RESERVATION BY ISSUER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660473
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Full text
(a) An issuer may:
(1) refuse to accept a reservation if the amount of state ceiling available is less than the amount for which the issuer applied; or
(2) refuse to accept a reservation for any amount if the reservation is granted after September 23.
(b) The amount of available state ceiling is subject to the grant of a reservation to each succeeding issuer eligible to be granted a reservation of that available state ceiling in the order of priority under this subchapter.
(c) An issuer's refusal to accept a reservation does not affect the issuer's order of priority for a subsequent grant of a reservation.