reglab/housing_qa huggingface dataset:
TX Govt Code § 1372.023 (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 1372.023. Dedication of Portions of State Ceiling to Texas Department of Housing and Community Affairs

Sec. 1372.023.  DEDICATION OF PORTIONS OF STATE CEILING TO TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS.  (a)  Until August 7, of that portion of the state ceiling that is available exclusively for reservations by issuers of qualified mortgage bonds, 33.34 percent is available exclusively to the Texas Department of Housing and Community Affairs for the purpose of issuing qualified mortgage bonds.(b)  Until August 15, of that portion of the state ceiling that is available exclusively for reservations by issuers of qualified residential rental project bonds, one-fifth is available exclusively to the Texas Department of Housing and Community Affairs in the manner described by Section 1372.0231.(c)  The Texas Department of Housing and Community Affairs may not reserve a portion of the state ceiling that is available exclusively for reservations by issuers of qualified residential rental project bonds other than the portion dedicated to the department under Subsection (b).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 1.32, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 332, Sec. 2, eff. Sept. 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 544 (S.B. 1185), Sec. 4, eff. September 1, 2007.Acts 2007, 80th Leg., R.S., Ch. 1108 (H.B. 3552), Sec. 5, eff. September 1, 2007.|
TX Govt Code § 1372.024 (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 1372.024. Increase in Amount of State Ceiling Available to Issuers of State-Voted Issues

Sec. 1372.024.  INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO ISSUERS OF STATE-VOTED ISSUES.  (a)  If, before January 2, applications received for reservations for state-voted issues total more than 10 percent of the available state ceiling for that program year, the percentage of state-voted ceiling requested that is more than 10 percent of the state ceiling:(1)  is removed from the state ceiling available to other issuers on January 2; and(2)  is available for those applications for reservations for state-voted issues.(b)  The amount removed under Subsection (a) may not exceed 10 percent of the state ceiling.(c)  The remaining portion of the state ceiling is available in accordance with Section 1372.022(a).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2003, 78th Leg., ch. 969, Sec. 2, eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 1329, Sec. 5, eff. Sept. 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 7, eff. September 1, 2019.|
TX Govt Code § 1372.025 (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 1372.025. Reallocation of State Ceiling on Failure of Bonds to Qualify as Tax-Exempt Obligations

Sec. 1372.025.  REALLOCATION OF STATE CEILING ON FAILURE OF BONDS TO QUALIFY AS TAX-EXEMPT OBLIGATIONS.  (a)  If a type of bond listed in Section 1372.022(a) does not qualify on January 2 of any year for treatment as a tax-exempt obligation under the Internal Revenue Code:(1)  Section 1372.022(a) has no effect for that year for that type of bond;  and(2)  by March 1, the portion of the state ceiling that but for Subdivision (1) would have been available exclusively for reservations by issuers of that type of bond shall be reallocated proportionately for reservation by each other category of issuer listed in that section.(b)  Subsection (a) does not apply to qualified mortgage bonds or qualified residential rental project bonds made available exclusively to the Texas Department of Housing and Community Affairs under Section 1372.023 or the Texas State Affordable Housing Corporation under Section 1372.0223(1).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 1.33, eff. Sept. 1, 2001.Amended by: Acts 2005, 79th Leg., Ch. 196 (H.B. 1007), Sec. 3, eff. May 27, 2005.Acts 2013, 83rd Leg., R.S., Ch. 405 (S.B. 286), Sec. 1, eff. June 14, 2013.Acts 2013, 83rd Leg., R.S., Ch. 1219 (S.B. 1553), Sec. 1, eff. June 14, 2013.|
TX Govt Code § 1372.026 (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 1372.026. Limitation on Amount of State Ceiling Available to Housing Finance Corporations

Sec. 1372.026.  LIMITATION ON AMOUNT OF STATE CEILING AVAILABLE TO HOUSING FINANCE CORPORATIONS.  (a)  The maximum amount of the state ceiling that may be reserved before August 15 by a housing finance corporation for the issuance of qualified mortgage bonds may not exceed the amount computed as follows:(1)  if the local population of the housing finance corporation is 300,000 or more, $36 million plus the product of the amount by which the local population exceeds 300,000 multiplied by $40;(2)  if the local population of the housing finance corporation is 200,000 or more but less than 300,000, $32 million plus the product of the amount by which the local population exceeds 200,000 multiplied by $40;(3)  if the local population of the housing finance corporation is 100,000 or more but less than 200,000, $24 million plus the product of the amount by which the local population exceeds 100,000 multiplied by $80; or(4)  if the local population of the housing finance corporation is less than 100,000, the product of the local population multiplied by $240.(b)  A housing finance corporation may not receive an allocation for the issuance of qualified mortgage bonds in an amount that exceeds the greater of:(1)  $50 million; or(2)  1.70 percent of the state ceiling.(c)  For purposes of this section, the local population of a housing finance corporation is the population of the local government or local governments on whose behalf a housing finance corporation is created.  If two local governments that have a population of at least 50,000 each and that have overlapping territory have created housing finance corporations that have the power to issue bonds to provide financing for home mortgages, the population of the housing finance corporation created on behalf of the larger local government is computed by subtracting from the population of the larger local government the population of the part of the smaller local government that is located in the larger local government.  The reduction of population provided by this subsection is not required if the smaller local government assigns its authority to issue bonds, based on its population, to the larger local government.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.03, eff. Sept. 1, 2001.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 8, eff. June 19, 2009.Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 8, eff. September 1, 2019.|
TX Govt Code § 1372.027 (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 1372.027. Publication of Available State Ceiling

Sec. 1372.027.  PUBLICATION OF AVAILABLE STATE CEILING.  The board shall publish at least weekly on its Internet site:(1)  a statement of the amount of the available state ceiling;(2)  a list of the issues that have received a reservation since the preceding publication, including the amount of each reservation;  and (3)  a list of the issues that had previously received a reservation that have closed since the preceding publication.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2003, 78th Leg., ch. 969, Sec. 3, eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 1329, Sec. 6, eff. Sept. 1, 2003.|
TX Govt Code § 1372.0281 (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 1372.0281. Information Required of Issuers of Certain Qualified Student Loan Bonds

Sec. 1372.0281.  INFORMATION REQUIRED OF ISSUERS OF CERTAIN QUALIFIED STUDENT LOAN BONDS.  (a)  An issuer of qualified student loan bonds authorized by Section 53B.47, Education Code, shall provide to the board together with its application for a reservation information required by board rule.(b)  The board may require an issuer described by Subsection (a) to provide information with its application, or to supplement the application with information, that includes:(1)  financial statements;(2)  portfolio amounts;(3)  default rates;(4)  descriptions of how bond proceeds are being used or spent; and(5)  other information required by the board.|Added by Acts 2003, 78th Leg., ch. 1329, Sec. 8, eff. Sept. 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 10, eff. September 1, 2019.|
TX Govt Code § 1372.029 (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 1372.029. Applications for Multiple Projects at Same Site Prohibited

Sec. 1372.029.  APPLICATIONS FOR MULTIPLE PROJECTS AT SAME SITE PROHIBITED.  The board may not accept applications for reservations for more than one project located at, or related to, a business operation at a particular site for any one program year.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.030 (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 1372.030. Granting of Certain Reservations Prohibited; Exceptions

Sec. 1372.030.  GRANTING OF CERTAIN RESERVATIONS PROHIBITED;  EXCEPTIONS.  (a)  The board may not grant a reservation to an issuer to whom proceeds are available from other bonds issued by or on behalf of that issuer for the project stated in the issuer's application for the reservation.(b)  Subsection (a) does not apply to an issuer to which Section 1372.028(d) applies.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.031 (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 1372.031. Priorities for Reservations Among Certain Issuers

Sec. 1372.031.  PRIORITIES FOR RESERVATIONS AMONG CERTAIN ISSUERS.  (a)  Except as provided by Subsection (b) and subject to Sections 1372.0321, 1372.0231, and 1372.035(c), if, on or before October 20, more than one issuer in a category described by Section 1372.022(a)(2), (3), (4), or (5) applies for a reservation of the state ceiling for the next program year, the board shall grant reservations in that category in the order determined by the board by lot.(b)  Until August 1 of the program year, within the category described by Section 1372.022(a)(5), the board shall grant priority to the Texas Economic Development Bank for projects that the Texas Economic Development and Tourism Office determines meet the governor's criteria for funding from the Texas Enterprise Fund.  Notwithstanding the priority, the Texas Economic Development Bank may not receive an amount greater than one-sixth of the portion of the state ceiling available under Section 1372.022(a)(5) on January 1 of the program year.(c)  In selecting projects for reservations of the state ceiling for a program year under Subsection (b), among those projects the Texas Economic Development and Tourism Office determines meet the governor's criteria for funding from the Texas Enterprise Fund the office shall give priority to obtaining reservations for those projects located or to be located in an economically depressed or blighted area, as defined by Section 2306.004, or in an enterprise zone designated under Chapter 2303.(d)  This section and Section 1372.063 do not give a priority to any project described by Subsection (b) for the purpose of selecting projects for reservations under Section 1372.022(b).(e)  The Texas Economic Development Bank is subject to Section 1201.027(d).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.05, eff. Sept. 1, 2001;  Acts 2001, 77th Leg., ch. 1420, Sec. 8.015(a), eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 969, Sec. 5, eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 1329, Sec. 9, eff. Sept. 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332), Sec. 8, eff. September 1, 2007.Acts 2007, 80th Leg., R.S., Ch. 1108 (H.B. 3552), Sec. 8, eff. September 1, 2007.Reenacted by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 11.017, eff. September 1, 2009.Amended by: Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 11, eff. September 1, 2019.|
TX Govt Code § 1372.032 (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 1372.032. Priorities for Reservations Among Issuers of Qualified Mortgage Bonds

Sec. 1372.032.  PRIORITIES FOR RESERVATIONS AMONG ISSUERS OF QUALIFIED MORTGAGE BONDS.  (a)  If, on or before October 20, more than one housing finance corporation applies for a reservation of the state ceiling for qualified mortgage bonds for the next program year, the board shall give priority in granting reservations in that category to issuers that:(1)  applied before September 1 of the preceding year for a reservation on behalf of the same local population for that year;  but(2)  were not granted a reservation during that year.(b)  The priority of an issuer under Subsection (a) that is composed of more than one jurisdiction is not affected by the issuer's loss of a sponsoring local government and that government's population if the dollar amount of the application has not increased.(c)  Within the group of issuers given priority and within the group not given priority, the board shall grant reservations in reverse order of the date of the most recent closing of qualified mortgage bonds applicable to the housing finance corporations, with a corporation that has never received a reservation for mortgage revenue bonds being the first to receive a reservation and the corporation that had the most recent closing being the last to receive a reservation.  If closings occurred on the same date, the board shall grant reservations in the order determined by the board by lot.(d)  For purposes of Subsection (c), the most recent closing applicable to a newly created housing finance corporation sponsored by one or more local governments that had previously sponsored another housing finance corporation, whether existing or not, or to a housing finance corporation sponsored by a local government that has participated in the program of another housing finance corporation is the most recent closing of qualified mortgage bonds the proceeds of which were available to the population of the corporation.(e)  A housing finance corporation or its sponsoring local government may not achieve an advantage in the determination of its most recent closing by creating, dissolving, or withdrawing from a housing finance corporation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.06, eff. Sept. 1, 2001.|
TX Govt Code § 1372.033 (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 1372.033. Priorities for Reservations Among Certain Issuers of Qualified Student Loan Bonds

Sec. 1372.033.  PRIORITIES FOR RESERVATIONS AMONG CERTAIN ISSUERS OF QUALIFIED STUDENT LOAN BONDS.(a)  In this section, "qualified nonprofit corporation" has the meaning assigned by Section 53B.02(11), Education Code.(b)  Only a qualified nonprofit corporation may apply for a student loan bond allocation.(c)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 1304, Sec. 4, eff. June 17, 2011.(d)  Each qualified nonprofit corporation that applies for a student loan bond allocation in compliance with all applicable application requirements for a program year is entitled to receive a student loan bond allocation prioritized in the order that the application was received by the board for that year.(e)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 1304, Sec. 4, eff. June 17, 2011.(f)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 1304, Sec. 4, eff. June 17, 2011.(g)  A qualified nonprofit corporation that receives a student loan bond allocation may not:(1)  transfer the allocation to another entity; or(2)  loan to another entity, other than a qualified borrower, proceeds of bonds issued under the allocation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.08, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 1329, Sec. 11, eff. Sept. 1, 2003.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1304 (H.B. 2911), Sec. 3, eff. June 17, 2011.Acts 2011, 82nd Leg., R.S., Ch. 1304 (H.B. 2911), Sec. 4, eff. June 17, 2011.Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 12, eff. September 1, 2019.|
TX Govt Code § 1372.034 (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 1372.034. Order of Acceptance of Certain Applications for Reservation

Sec. 1372.034.  ORDER OF ACCEPTANCE OF CERTAIN APPLICATIONS FOR RESERVATION.  The board shall accept applications for a reservation submitted after October 20 in the order in which they are received.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.035 (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 1372.035. Granting of Reservations; Order

Sec. 1372.035.  GRANTING OF RESERVATIONS;  ORDER.  (a)  The board may not grant a reservation of a portion of the state ceiling for a program year before January 2 or after November 15 of that year.(b)  Except as provided by Sections 1372.031-1372.033 and Subsection (c), the board shall grant reservations in the order in which the applications for those reservations are received, regardless of the amounts of the related bond issues.(c)  If, with respect to an application, an issuer receives a carryforward designation under Section 1372.061(b), the board shall grant a reservation with respect to the issuer's next available application on the earlier of the following:(1)  the date of receipt of notice from the issuer that the  application for which the issuer received the carryforward designation is being withdrawn; or(2)  if the amount of the carryforward is sufficient to satisfy fully the issuer's next available application, the date of expiration of the period specified by Section 1372.042(a-1).|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. 10, eff. September 1, 2007.Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 11, eff. June 19, 2009.|
TX Govt Code § 1372.036 (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 1372.036. Reservations From Portion of State Ceiling Subsequently Becoming Available

Sec. 1372.036.  RESERVATIONS FROM PORTION OF STATE CEILING SUBSEQUENTLY BECOMING AVAILABLE.  (a)  If, before June 1, any portion of the state ceiling in a category described by Section 1372.022(a) from which issuers were granted reservations becomes available in that category:(1)  those amounts of the state ceiling shall be aggregated;  and(2)  the board shall grant reservations from that category on June 1.(b)  Beginning June 1, partial reservations may be offered once to each applicant in each category described by Section 1372.022(a) until an applicant in the category accepts the partial reservation or until additional volume is returned in an amount sufficient to grant a full reservation.(c)  After January 1, the board may grant a reservation to an issuer if the amount of state ceiling available in a category is greater than the amount of state ceiling applied for in that category.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2003, 78th Leg., ch. 969, Sec. 6, eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 1329, Sec. 12, eff. Sept. 1, 2003.|