Texas § 1372.024 INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO ISSUERS OF STATE-VOTED ISSUES.

Texas Statutes

§ 1372.024 — INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO ISSUERS OF STATE-VOTED ISSUES.

Texas § 1372.024

Code GVGovernment Code

This text of Texas § 1372.024 (INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO ISSUERS OF STATE-VOTED ISSUES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1372.024 (2026).

Text

Sec. 1372.024. INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO ISSUERS OF STATE-VOTED ISSUES.

(a)If, before January 2, applications received for reservations for state-voted issues total more than 10 percent of the available state ceiling for that program year, the percentage of state-voted ceiling requested that is more than 10 percent of the state ceiling:

(1)is removed from the state ceiling available to other issuers on January 2; and

(2)is available for those applications for reservations for state-voted issues.

(b)The amount removed under Subsection (a) may not exceed 10 percent of the state ceiling.

(c)The remaining portion of the state ceiling is available in accordance with Section 1372.022 (a).

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Sec. 1372.024. INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO ISSUERS OF STATE-VOTED ISSUES. (a) If, before January 2, applications received for reservations for state-voted issues total more than 10 percent of the available state ceiling for that program year, the percentage of state-voted ceiling requested that is more than 10 percent of the state ceiling:
(1) is removed from the state ceiling available to other issuers on January 2; and
(2) is available for those applications for reservations for state-voted issues.
(b) The amount removed under Subsection (a) may not exceed 10 percent of the state ceiling.
(c) The remaining portion of the state ceiling is available in accordance with Section 1372.022 (a).

Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 969, Sec. 2, eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 1329, Sec. 5, eff. Sept. 1, 2003. Amended by: Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474 ), Sec. 7, eff. September 1, 2019.