Texas § 1372.035 GRANTING OF RESERVATIONS; ORDER.

Texas Statutes

§ 1372.035 — GRANTING OF RESERVATIONS; ORDER.

Texas § 1372.035

Code GVGovernment Code

This text of Texas § 1372.035 (GRANTING OF RESERVATIONS; ORDER.) 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. § 1372.035 (2026).

Text

Sec. 1372.035. GRANTING OF RESERVATIONS; ORDER.

(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 designatio

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Sec. 1372.035. GRANTING OF RESERVATIONS; ORDER. (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of notice from the issuer that the application for which the issuer received the carryforward designation is being withdrawn; or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).

Legislative 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.