Tex. Gov't Code § 1372.024

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1372.024 - Increase in Amount of State Ceiling Available to Issuers of State-Voted Issues

(a) If, before January 2, applications received for reservations for state-voted issues total more than 10 percent of the available state ceiling for that program year, the percentage of state-voted ceiling requested that is more than 10 percent of the state ceiling:

(1) is removed from the state ceiling available to other issuers on January 2; and

(2) is available for those applications for reservations for state-voted issues.

(b) The amount removed under Subsection (a) may not exceed 10 percent of the state ceiling.

(c) The remaining portion of the state ceiling is available in accordance with Section 1372.022(a).

Tex. Gov't. Code § 1372.024

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 992,Sec. 7, eff. 9/1/2019, op. for the allocation of the available state ceiling under this Chapter beginning with the 2020 program year.

Amended by Acts 2003, 78th Leg., ch. 969, Sec. 2, eff. 9/1/2003

Amended By Acts 2003, 78th Leg., ch. 1329, Sec. 5, eff. 9/1/2003.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.