Tex. Gov't Code § 1372.041 · Subchapter B. ALLOCATION AND RESERVATION OF STATE CEILING
REFUSAL TO ACCEPT RESERVATION BY ISSUER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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 7aa1781374b06e441690da4d2f5112edc5ba1b22476ba0c21d904dd99b693341
- 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
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.