Tex. Gov't Code § 1372.066 · Subchapter C. CARRYFORWARD OF STATE CEILING
PRIORITY 4 CARRYFORWARD CLASSIFICATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The priority 4 carryforward classification applies to any political subdivision:
(1) that is authorized to issue bonds; and
(2) to which priority carryforward classifications 1-3 do not apply.
(b) A project that is the subject of an application for a priority 4 carryforward classification must be owned by a governmental unit in accordance with applicable provisions of the Internal Revenue Code.
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 89a51da66bca7fb74556142c0695f0410ed175dd0fbbefd2160a509e27429de5
- 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.