Texas § GV.1372.062 - PRIORITY CLASSIFICATIONS OF CARRYFORWARD DESIGNATIONS
Full text of Texas The Texas Constitution § GV.1372.062 — PRIORITY CLASSIFICATIONS OF CARRYFORWARD DESIGNATIONS, with citation guidance and answers to common questions.
§ GV.1372.062. PRIORITY CLASSIFICATIONS OF CARRYFORWARD DESIGNATIONS
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.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1372.062
What does The Texas Constitution § GV.1372.062 cover?
Section GV.1372.062 ("PRIORITY CLASSIFICATIONS OF CARRYFORWARD DESIGNATIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1372.062?
A common citation format is "The Texas Constitution § GV.1372.062" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1372.062 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.