Sec. 1372.0223. DEDICATION OF PORTION OF STATE CEILING TO CERTAIN ISSUERS OF QUALIFIED MORTGAGE BONDS. Until August 7, out of that portion of the state ceiling that is available exclusively for reservations by issuers of qualified mortgage bonds under Section 1372.022:
(1) 10 percent is available exclusively to the Texas State Affordable Housing Corporation for the purpose of issuing qualified mortgage bonds; and
(2) 56.66 percent is available exclusively to housing finance corporations for the purpose of issuing qualified mortgage bonds.
Added by Acts 2005, 79th Leg., Ch. 674 (S.B. 132), Sec. 9, eff. June 17, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 544 (S.B. 1185), Sec. 3, eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 1108 (H.B. 3552), Sec. 4, eff. September 1, 2007.
Structure Texas Statutes
Subtitle F - Specific Authority for State or Local Government to Issue Securities
Chapter 1372 - Private Activity Bonds and Certain Other Bonds
Subchapter B. Allocation and Reservation of State Ceiling
Section 1372.021. Annual Allocation of State Ceiling
Section 1372.022. Availability of State Ceiling to Issuers
Section 1372.024. Increase in Amount of State Ceiling Available to Issuers of State-Voted Issues
Section 1372.026. Limitation on Amount of State Ceiling Available to Housing Finance Corporations
Section 1372.0261. Failure of Housing Finance Corporation to Use Amount of State Ceiling Allocated
Section 1372.027. Publication of Available State Ceiling
Section 1372.028. Application for Reservation; Form and Content
Section 1372.0281. Information Required of Issuers of Certain Qualified Student Loan Bonds
Section 1372.029. Applications for Multiple Projects at Same Site Prohibited
Section 1372.030. Granting of Certain Reservations Prohibited; Exceptions
Section 1372.031. Priorities for Reservations Among Certain Issuers
Section 1372.032. Priorities for Reservations Among Issuers of Qualified Mortgage Bonds
Section 1372.033. Priorities for Reservations Among Certain Issuers of Qualified Student Loan Bonds
Section 1372.034. Order of Acceptance of Certain Applications for Reservation
Section 1372.035. Granting of Reservations; Order
Section 1372.036. Reservations From Portion of State Ceiling Subsequently Becoming Available
Section 1372.037. Limitations on Granting of Reservations for Individual Projects
Section 1372.038. Reservation Date
Section 1372.039. Certification Required of Issuer; Cancellation on Failure
Section 1372.041. Refusal to Accept Reservation by Issuer
Section 1372.042. Deadline for Closing on Bonds by Issuer
Section 1372.043. Cancellation of Reservation on Issuer's Failure to Timely Close on Bonds