Sec. 1372.062. PRIORITY CLASSIFICATIONS OF CARRYFORWARD DESIGNATIONS. (a) The board shall:
(1) designate amounts as carryforward in accordance with the system of priority classifications specified in Sections 1372.063-1372.068; and
(2) in each classification, make the designations in order of the application for those designations.
(b) Notwithstanding Subsection (a), the board shall designate in compliance with the requirements of Section 146(f), Internal Revenue Code of 1986, a carryforward relating to an issuer's written election under Section 1372.042(c) according to the category of bonds to which the reservation subject to the carryforward relates.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.10, eff. Sept. 1, 2001.
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 C. Carryforward of State Ceiling
Section 1372.061. Designation by Board of Certain Amounts of State Ceiling as Carryforward
Section 1372.062. Priority Classifications of Carryforward Designations
Section 1372.063. Priority 1 Carryforward Classification
Section 1372.064. Priority 2 Carryforward Classification
Section 1372.065. Priority 3 Carryforward Classification
Section 1372.066. Priority 4 Carryforward Classification
Section 1372.067. Priority 5 Carryforward Classification
Section 1372.068. Priority 6 Carryforward Classification
Section 1372.069. Application for Carryforward Designation; Limitations
Section 1372.070. Form and Contents of Application for Carryforward Application
Section 1372.071. Action on Application for Carryforward Designation
Section 1372.072. Amendment or Withdrawal of Application for Carryforward Designation
Section 1372.073. Designation by Board of Unencumbered State Ceiling