reglab/housing_qa huggingface dataset:
TX Govt Code § 1372.037 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.037. Limitations on Granting of Reservations for Individual Projects

Sec. 1372.037.  LIMITATIONS ON GRANTING OF RESERVATIONS FOR INDIVIDUAL PROJECTS.  (a)  Before August 15 the board may not grant for any single project a reservation for that year that is greater than:(1)  if the issuer is an issuer of qualified mortgage bonds, other than the Texas Department of Housing and Community Affairs or the Texas State Affordable Housing Corporation, the greater of:(A)  $50 million; or(B)  1.70 percent of the available state ceiling;(2)  if the issuer is an issuer of a state-voted issue, other than the Texas Higher Education Coordinating Board, the greater of:(A)  $100 million; or(B)  3.40 percent of the available state ceiling;(3)  if the issuer of a state-voted issue is the Texas Higher Education Coordinating Board, the greater of:(A)  $200 million; or(B)  6.80 percent of the available state ceiling;(4)  if the issuer is an issuer of qualified small issue bonds and enterprise zone facility bonds, the amount to which the Internal Revenue Code limits issuers of those bonds;(5)  if the issuer is an issuer of qualified residential rental project bonds, the greater of:(A)  $50 million; or(B)  1.70 percent of the available state ceiling; or(6)  if the issuer is any other issuer of bonds that require an allocation, the greater of:(A)  $100 million; or(B)  3.40 percent of the available state ceiling.(b)  Repealed by Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 21(3), eff. September 1, 2019.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2003, 78th Leg., ch. 1329, Sec. 13, eff. Sept. 1, 2003.Amended by: Acts 2005, 79th Leg., Ch. 600 (H.B. 1901), Sec. 1, eff. June 17, 2005.Acts 2007, 80th Leg., R.S., Ch. 544 (S.B. 1185), Sec. 5, eff. September 1, 2007.Acts 2007, 80th Leg., R.S., Ch. 1108 (H.B. 3552), Sec. 11, eff. September 1, 2007.Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 12, eff. June 19, 2009.Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 13, eff. September 1, 2019.Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 21(3), eff. September 1, 2019.|
TX Govt Code § 1372.038 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.038. Reservation Date

Sec. 1372.038.  RESERVATION DATE.  The reservation date for an issue is the date on which the board notifies an issuer whose application for the reservation has been accepted for filing by the board that a portion of the state ceiling is available to that issue.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.039 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.039. Certification Required of Issuer; Cancellation on Failure

Sec. 1372.039.  CERTIFICATION REQUIRED OF ISSUER;  CANCELLATION ON FAILURE.  (a)  Not later than the 35th day after an issuer's reservation date, the issuer shall submit to the board:(1)  a certificate signed by an authorized representative of the issuer that certifies the principal amount of the bonds to be issued;  and(2)  a list of finance team members and their addresses and telephone numbers.(b)  If the principal amount certified by the issuer is less than the amount stated in the issuer's application for the reservation, the amount of the issuer's reservation is reduced to the amount certified.(c)  If an issuer does not submit the documents as required by this section and the fee as required by Section 1372.006(d)(1):(1)  the reservation is canceled;  and(2)  from the reservation date of the canceled reservation until the expiration of the applicable period described by Section 1372.042(a) or (b):(A)  no issuer may submit an application for a reservation for the same project;  and(B)  the issuer is eligible for a carryforward designation for the project only as provided by Subchapter C.(d)  If an issuer does not submit the documents during the period provided by Subsection (a), the issuer may submit the documents not later than the third day after the end of the 35-day period together with a statement and evidence regarding extenuating circumstances that prevented a timely filing.  The board shall review the statement and the evidence and may, based on the statement and evidence, permit the late filing.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2003, 78th Leg., ch. 1329, Sec. 14, eff. Sept. 1, 2003.|
TX Govt Code § 1372.040 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.040. Reservation by Certain Issuers of Qualified Mortgage Bonds of Money for Mortgages for Certain Persons

Sec. 1372.040.  RESERVATION BY CERTAIN ISSUERS OF QUALIFIED MORTGAGE BONDS OF MONEY FOR MORTGAGES FOR CERTAIN PERSONS.  An issuer of qualified mortgage bonds, other than the Texas Department of Housing and Community Affairs or the Texas State Affordable Housing Corporation, shall reserve for six months 50 percent of the funds available for loans outside the federally designated target areas to provide mortgages to individuals and families with incomes below 80 percent of the applicable median family income, as defined by Section 143(f)(4), Internal Revenue Code (26 U.S.C. Section 143(f)(4)).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2003, 78th Leg., ch. 969, Sec. 7, eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 1329, Sec. 15, eff. Sept. 1, 2003.|
TX Govt Code § 1372.041 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.041. Refusal to Accept Reservation by Issuer

Sec. 1372.041.  REFUSAL TO ACCEPT RESERVATION BY ISSUER.  (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.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.043 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.043. Cancellation of Reservation on Issuer's Failure to Timely Close on Bonds

Sec. 1372.043.  CANCELLATION OF RESERVATION ON ISSUER'S FAILURE TO TIMELY CLOSE ON BONDS.  If an issuer does not close on the issuer's bonds as required by Section 1372.042:(1)  the reservation for the issue is canceled; and(2)  for the period beginning on the reservation date and ending on the 150th day, the 180th day, or the 210th day after the reservation date, as applicable under Section 1372.042, or on the 210th day after the reservation date if the issuer is an issuer of qualified mortgage bonds:(A)  no issuer may submit an application for a reservation for the same project; and(B)  the issuer is eligible for a carryforward designation for the project only as provided by Subchapter C.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 15, eff. September 1, 2019.|
TX Govt Code § 1372.044 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.044. Assignment of Reservation

Sec. 1372.044.  ASSIGNMENT OF RESERVATION.  A reservation may be assigned only between a governmental unit and an issuer that is authorized to issue private activity bonds on behalf of that governmental unit.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.045 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.045. Reservation, Allocation, and Carryforward Designation by Board of Additional State Ceiling

Sec. 1372.045.  RESERVATION, ALLOCATION, AND CARRYFORWARD DESIGNATION BY BOARD OF ADDITIONAL STATE CEILING.  (a)  The board is authorized to establish and administer programs for the reservation, allocation, and carryforward designation of additional state ceiling in accordance with the federal law that establishes the additional state ceiling and, to the extent consistent with the federal law, as the board determines will achieve the purposes for which the additional state ceiling is authorized by federal law.(b)  The board may adopt rules and procedures the board considers necessary to effectively administer programs authorized under this section.(c)  The board may prescribe forms and applications as needed to effectively implement and administer programs authorized under this section.(d)  The board may adopt emergency rules in connection with the programs authorized under this section when the board determines that the emergency rules are necessary for the state to obtain the full benefits of the additional state ceiling.|Added by Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 14, eff. June 19, 2009.|
TX Govt Code § 1372.061 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.061. Designation by Board of Certain Amounts of State Ceiling as Carryforward

Sec. 1372.061.  DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD.  (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.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.10, eff. Sept. 1, 2001.Amended by: Acts 2021, 87th Leg., R.S., Ch. 969 (S.B. 1984), Sec. 1, eff. September 1, 2021.|
TX Govt Code § 1372.062 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.062. Priority Classifications of Carryforward Designations

Sec. 1372.062.  PRIORITY CLASSIFICATIONS OF CARRYFORWARD DESIGNATIONS.  (a)  The board shall:(1)  designate amounts as carryforward in accordance with the system of priority classifications specified in Sections 1372.063-1372.068;  and(2)  in each classification, make the designations in order of the application for those designations.(b)  Notwithstanding Subsection (a), the board shall designate in compliance with the requirements of Section 146(f), Internal Revenue Code of 1986, a carryforward relating to an issuer's written election under Section 1372.042(c) according to the category of bonds to which the reservation subject to the carryforward relates.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.10, eff. Sept. 1, 2001.|
TX Govt Code § 1372.063 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.063. Priority 1 Carryforward Classification

Sec. 1372.063.  PRIORITY 1 CARRYFORWARD CLASSIFICATION.  The priority 1 carryforward classification applies to:(1)  an issuer of a state-voted issue; and(2)  a state agency, other than an issuer of a state-voted issue, that applies for a carryforward designation for a project that:(A)  is described by Section 1372.067(a)(2); and(B)  the Texas Economic Development and Tourism Office determines meets the governor's criteria for funding from the Texas Enterprise Fund.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332), Sec. 9, eff. September 1, 2007.|
TX Govt Code § 1372.064 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.064. Priority 2 Carryforward Classification

Sec. 1372.064.  PRIORITY 2 CARRYFORWARD CLASSIFICATION.  The priority 2 carryforward classification applies to an issuer of bonds approved by the voters of a political subdivision of this state if:(1)  the bonds will be private activity bonds for which an allocation will be required for the bonds to be tax exempt under the Internal Revenue Code;  or(2)  the excess private use of a governmental bond will require allocation so that the bond may retain its tax exempt status under the Internal Revenue Code.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.065 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.065. Priority 3 Carryforward Classification

Sec. 1372.065.  PRIORITY 3 CARRYFORWARD CLASSIFICATION.  The priority 3 carryforward classification applies to:(1)  a state agency, other than an issuer of a state-voted issue;  and(2)  a political subdivision whose board of directors holds office under Section 30a, Article XVI, Texas Constitution.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.066 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.066. Priority 4 Carryforward Classification

Sec. 1372.066.  PRIORITY 4 CARRYFORWARD CLASSIFICATION.  (a)  The priority 4 carryforward classification applies to any political subdivision:(1)  that is authorized to issue bonds;  and(2)  to which priority carryforward classifications 1-3 do not apply.(b)  A project that is the subject of an application for a priority 4 carryforward classification must be owned by a governmental unit in accordance with applicable provisions of the Internal Revenue Code.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.067 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.067. Priority 5 Carryforward Classification

Sec. 1372.067.  PRIORITY 5 CARRYFORWARD CLASSIFICATION.  (a)  The priority 5 carryforward classification applies to an issuer that:(1)  was created to act on behalf of this state or one or more political subdivisions of this state;  and(2)  is applying for carryforward for a project:(A)  for which there has been an inducement resolution or other comparable preliminary approval;  and(B)  with respect to which:(i)  a binding contract to incur significant expenditures for construction, reconstruction, or rehabilitation was entered into before submission of the application;(ii)  significant expenditures for construction, reconstruction, or rehabilitation were readily identifiable with and necessary to carry out a binding contract for the supply of property or services or the sale of output;  or(iii)  significant expenditures were paid or incurred before submission of the application.(b)  In this section, "significant expenditures" means expenditures that are greater than the lesser of:(1)  $1 million;  or(2)  10 percent of the reasonably anticipated cost of the project.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.068 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.068. Priority 6 Carryforward Classification

Sec. 1372.068.  PRIORITY 6 CARRYFORWARD CLASSIFICATION.  The priority 6 carryforward classification applies to an issuer that:(1)  was created to act on behalf of this state or one or more political subdivisions of this state;  and(2)  is applying for carryforward for a project that is not eligible for another priority carryforward classification.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.069 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.069. Application for Carryforward Designation; Limitations

Sec. 1372.069.  APPLICATION FOR CARRYFORWARD DESIGNATION;  LIMITATIONS.  (a)  An issuer may apply for a carryforward designation at any time during the year in which the designation is sought.(b)  An issuer that applies for a carryforward designation may not apply later in the same year for a reservation for the same project.(c)  An issuer may apply for the carryforward designation of an amount that is not more than the greater of:(1)  $50 million; or(2)  1.70 percent of the available state ceiling.(d)  The board by rule shall prevent an issuer from applying for a carryforward designation in an amount that is greater than the amount needed.(e)  A carryforward designation granted under this section must comply with the Internal Revenue Code of 1986.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 16, eff. September 1, 2019.|
TX Govt Code § 1372.070 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.070. Form and Contents of Application for Carryforward Application

Sec. 1372.070.  FORM AND CONTENTS OF APPLICATION FOR CARRYFORWARD APPLICATION.  An application for a carryforward designation must:(1)  be on a form prescribed by the board;(2)  be signed by a member or officer of the issuer and by  the governor, if the issuer was created to act on behalf of this state;(3)  state the amount of carryforward sought;(4)  describe the project;(5)  state which priority classification is applicable to the applicant;(6)  include evidence satisfactory to the board that that priority classification is correct; and(7)  contain any other information that the board by rule requires.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2007, 80th Leg., R.S., Ch. 1108 (H.B. 3552), Sec. 12, eff. September 1, 2007.|
TX Govt Code § 1372.071 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.071. Action on Application for Carryforward Designation

Sec. 1372.071.  ACTION ON APPLICATION FOR CARRYFORWARD DESIGNATION.  On receipt of an application for a carryforward designation, the board shall:(1)  determine whether the application complies with the requirements of this chapter and board rules;  and(2)  note its determination on the application.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.072 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.072. Amendment or Withdrawal of Application for Carryforward Designation

Sec. 1372.072.  AMENDMENT OR WITHDRAWAL OF APPLICATION FOR CARRYFORWARD DESIGNATION.  (a)  An issuer may amend or withdraw an application for a carryforward designation by submitting to the board a notice of the amendment or withdrawal.(b)  If an application is amended, the application's place in the order of eligibility for a carryforward designation in a priority classification is determined using the date of the amendment instead of the date of the original application.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.073 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter C. Carryforward of State Ceiling|Section 1372.073. Designation by Board of Unencumbered State Ceiling

Sec. 1372.073.  DESIGNATION BY BOARD OF UNENCUMBERED STATE CEILING.  Notwithstanding any other provision of this chapter, the board on the last business day of the year may assign as carryforward to a state agency or to an issuer that was created to act on behalf of this state at the request of the issuer and in the order received any state ceiling that is not reserved or designated as carryforward and for which no application for carryforward is pending.|Added by Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 15, eff. June 19, 2009.Amended by: Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 17, eff. September 1, 2019.|