Sec. 1372.045. RESERVATION, ALLOCATION, AND CARRYFORWARD DESIGNATION BY BOARD OF ADDITIONAL STATE CEILING. (a) The board is authorized to establish and administer programs for the reservation, allocation, and carryforward designation of additional state ceiling in accordance with the federal law that establishes the additional state ceiling and, to the extent consistent with the federal law, as the board determines will achieve the purposes for which the additional state ceiling is authorized by federal law.
(b) The board may adopt rules and procedures the board considers necessary to effectively administer programs authorized under this section.
(c) The board may prescribe forms and applications as needed to effectively implement and administer programs authorized under this section.
(d) The board may adopt emergency rules in connection with the programs authorized under this section when the board determines that the emergency rules are necessary for the state to obtain the full benefits of the additional state ceiling.
Added by Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 14, eff. June 19, 2009.
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