Tex. Gov't Code § 1372.062 · Subchapter C. CARRYFORWARD OF STATE CEILING
PRIORITY CLASSIFICATIONS OF CARRYFORWARD DESIGNATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall:
(1) designate amounts as carryforward in accordance with the system of priority classifications specified in Sections 1372.063-1372.068; and
(2) in each classification, make the designations in order of the application for those designations.
(b) Notwithstanding Subsection (a), the board shall designate in compliance with the requirements of Section 146(f), Internal Revenue Code of 1986, a carryforward relating to an issuer's written election under Section 1372.042(c) according to the category of bonds to which the reservation subject to the carryforward relates.
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. 10.10, eff. Sept. 1, 2001.
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 da0a48ff57eae7d74e351c05979e06681446f7c97b26c795862ae55879950c36
- 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 § 1372.042DEADLINE FOR CLOSING ON BONDS BY ISSUER.Printed as Section 1372.042(c)
- Tex. Gov't Code § 1372.063PRIORITY 1 CARRYFORWARD CLASSIFICATION.Printed as Sections 1372.063-1372.068
- Tex. Gov't Code § 1372.068PRIORITY 6 CARRYFORWARD CLASSIFICATION.Printed as Sections 1372.063-1372.068
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.