Tex. Gov't Code § 1372.031 · Subchapter B. ALLOCATION AND RESERVATION OF STATE CEILING
PRIORITIES FOR RESERVATIONS AMONG CERTAIN ISSUERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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).
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. 10.05, 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.
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 4069c471fdbc0463f6f15475772311126b6ef51db222d15effb1f7bc786f41ba
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Tex. Gov't Code § 1201.027AUTHORITY OF ISSUER TO CONTRACT FOR SERVICES.Printed as Section 1201.027(d)
- Tex. Gov't Code § 1372.022AVAILABILITY OF STATE CEILING TO ISSUERS.Printed as Section 1372.022(a)(2) | Section 1372.022(a)(5) | Section 1372.022(b)
- Tex. Gov't Code § 1372.0231DEDICATION OF PORTION OF STATE CEILING AVAILABLE FOR QUALIFIED RESIDENTIAL RENTAL PROJECT BONDS.Printed as Sections 1372.0321, 1372.0231, and 1372.035(c)
- Tex. Gov't Code § 1372.0321PRIORITIES FOR RESERVATIONS AMONG ISSUERS OF QUALIFIED RESIDENTIAL RENTAL PROJECT ISSUES.Printed as Sections 1372.0321, 1372.0231, and 1372.035(c)
- Tex. Gov't Code § 1372.035GRANTING OF RESERVATIONS; ORDER.Printed as Sections 1372.0321, 1372.0231, and 1372.035(c)
- Tex. Gov't Code § 1372.063PRIORITY 1 CARRYFORWARD CLASSIFICATION.Printed as Section 1372.063
- Tex. Gov't Code § 2306.004DEFINITIONS.Printed as Section 2306.004
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 1372.031. Each shows the citation as that text prints it.
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