Tex. Gov't Code § 1372.022 · Subchapter B. ALLOCATION AND RESERVATION OF STATE CEILING
AVAILABILITY OF STATE CEILING TO ISSUERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the state ceiling is computed on the basis of $75 per capita or a greater amount, before August 15 of each year:
(1) 32.25 percent of the state ceiling is available exclusively for reservations by issuers of qualified mortgage bonds;
(2) 10.0 percent of the state ceiling is available exclusively for reservations by issuers of state-voted issues;
(3) 2.0 percent of the state ceiling is available exclusively for reservations by issuers of qualified small issue bonds and enterprise zone facility bonds;
(4) 26.25 percent of the state ceiling is available exclusively for reservations by issuers of qualified residential rental project bonds; and
(5) 29.5 percent of the state ceiling is available exclusively for reservations by any other issuer of bonds that require an allocation.
(b) On and after August 15, that portion of the state ceiling available for reservations becomes available for all applications for reservations in the order determined by the board by lot. If all applicants for a reservation have been offered a portion of the available state ceiling, then the board shall grant reservations in the order in which the applications for those reservations are received.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.01, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1420, Sec. 8.013(a), eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1468, Sec. 1, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 1329, Sec. 3, eff. Sept. 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 7, eff. June 19, 2009.
Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 4, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1372.htm
- Text hash
- sha256 6b617e2a42c865dd76f95c6fe6460e207c76eca2427fd069676f1fbfcf34c990
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 7 provisions
Provisions in this library whose text cites Tex. Gov't Code § 1372.022. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 1372.006FEES.Printed as Section 1372.022(a)(2)
- Tex. Gov't Code § 1372.0223DEDICATION OF PORTION OF STATE CEILING TO CERTAIN ISSUERS OF QUALIFIED MORTGAGE BONDS.Printed as Section 1372.022
- Tex. Gov't Code § 1372.024INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO ISSUERS OF STATE-VOTED ISSUES.Printed as Section 1372.022(a)
- Tex. Gov't Code § 1372.025REALLOCATION OF STATE CEILING ON FAILURE OF BONDS TO QUALIFY AS TAX-EXEMPT OBLIGATIONS.Printed as Section 1372.022(a)
- Tex. Gov't Code § 1372.0261FAILURE OF HOUSING FINANCE CORPORATION TO USE AMOUNT OF STATE CEILING ALLOCATED.Printed as Section 1372.022(a)(1)
- Tex. Gov't Code § 1372.031PRIORITIES FOR RESERVATIONS AMONG CERTAIN ISSUERS.Printed as Section 1372.022(a)(2) | Section 1372.022(a)(5) | Section 1372.022(b)
- Tex. Gov't Code § 1372.036RESERVATIONS FROM PORTION OF STATE CEILING SUBSEQUENTLY BECOMING AVAILABLE.Printed as Section 1372.022(a)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.