Texas § GV.1372.064 - PRIORITY 2 CARRYFORWARD CLASSIFICATION
Full text of Texas The Texas Constitution § GV.1372.064 — PRIORITY 2 CARRYFORWARD CLASSIFICATION, with citation guidance and answers to common questions.
§ GV.1372.064. PRIORITY 2 CARRYFORWARD CLASSIFICATION
PRIORITY 2 CARRYFORWARD CLASSIFICATION. The priority 2 carryforward classification applies to an issuer of bonds approved by the voters of a political subdivision of this state if: (1) the bonds will be private activity bonds for which an allocation will be required for the bonds to be tax exempt under the Internal Revenue Code; or (2) the excess private use of a governmental bond will require allocation so that the bond may retain its tax exempt status under the Internal Revenue Code. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § GV.1372.064
What does The Texas Constitution § GV.1372.064 cover?
Section GV.1372.064 ("PRIORITY 2 CARRYFORWARD CLASSIFICATION") 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.1372.064?
A common citation format is "The Texas Constitution § GV.1372.064" (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.1372.064 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.