Texas § 1372.066 PRIORITY 4 CARRYFORWARD CLASSIFICATION.

Texas Statutes

§ 1372.066 — PRIORITY 4 CARRYFORWARD CLASSIFICATION.

Texas § 1372.066

Code GVGovernment Code

This text of Texas § 1372.066 (PRIORITY 4 CARRYFORWARD CLASSIFICATION.) 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. § 1372.066 (2026).

Text

Sec. 1372.066. PRIORITY 4 CARRYFORWARD CLASSIFICATION.

(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.

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Sec. 1372.066. PRIORITY 4 CARRYFORWARD CLASSIFICATION. (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.