Tex. Gov't Code § 1372.035 · Subchapter B. ALLOCATION AND RESERVATION OF STATE CEILING
GRANTING OF RESERVATIONS; ORDER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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of notice from the issuer that the application for which the issuer received the carryforward designation is being withdrawn; or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).
Notes and commentary — not statutory text
History
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.
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 90224d9c678b59419659aa76620e1a9fd6c7be19de738daf4b3f7ffa398ed06d
- 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 § 1372.031PRIORITIES FOR RESERVATIONS AMONG CERTAIN ISSUERS.Printed as Sections 1372.031-1372.033
- Tex. Gov't Code § 1372.033PRIORITIES FOR RESERVATIONS AMONG CERTAIN ISSUERS OF QUALIFIED STUDENT LOAN BONDS.Printed as Sections 1372.031-1372.033
- Tex. Gov't Code § 1372.042DEADLINE FOR CLOSING ON BONDS BY ISSUER.Printed as Section 1372.042
- Tex. Gov't Code § 1372.061DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD.Printed as Section 1372.061(b)
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 1372.035. Each shows the citation as that text prints it.
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