Tex. Government Code § 1372.061
DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD
Texas · Texas Government Code · Status: effective
Cite this
- Citation
- Tex. Government Code § 1372.061, DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660479
- Permanent ID
ys:prov:660479@1- SHA-256
fafca7ff7eb6bb04be4dc926d55b630435a81f5a10ba5d8245a14c9f9204d8f5
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The board may designate as carryforward:
(1) the amount of the state ceiling that is not reserved before December 15; and
(2) any amount of the state ceiling that:
(A) was reserved before December 15; and
(B) becomes available on or after that date because of the cancellation of a reservation.
(b) The board shall designate as carryforward:
(1) a reservation amount for which the board receives written notice from an issuer of an election to carry forward the reservation under Section 1372.042(c) if the bonds relating to the reservation are not required to close by December 31 of the year in which the reservation was granted; or
(2) an amount previously designated as carryforward under Subsection (a) for which the board receives written notice from an issuer of an election to reassign the carryforward designation under Section 1372.074.