Texas § GV.1372.074 - REASSIGNMENT OF CARRYFORWARD DESIGNATION
Full text of Texas The Texas Constitution § GV.1372.074 — REASSIGNMENT OF CARRYFORWARD DESIGNATION, with citation guidance and answers to common questions.
§ GV.1372.074. REASSIGNMENT OF CARRYFORWARD DESIGNATION
REASSIGNMENT OF CARRYFORWARD DESIGNATION. (a) After one year from the initial carryforward designation, an issuer may elect to reassign all or part of the carryforward designation in accordance with Section 1372.061 (b) to the issuer's next available application for a project if the issuer provides: (1) a written withdrawal request signed by an authorized representative of the issuer; (2) the issuing board resolution authorizing the carryforward designation reassignment with an original signature by an officer of the issuer; (3) applicable fees under Section 1372.006 ; (4) an opinion of legal counsel stating that the carryforward designation reassignment does not conflict with Section 146, Internal Revenue Code of 1986; and (5) any other information required by the board. (b) A project that is reassigned a carryforward designation under this section must close within the time period allowed by the Internal Revenue Code of 1986. (c) An unutilized carryforward designation available after a project closes on a carryforward designation under Section 1372.069 may be used by the issuer for other projects subject to Subsection (b) and Section 1372.061 (b). Added by Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474 ), Sec. 18, eff. September 1, 2019. Amended by: Acts 2021, 87th Leg., R.S., Ch. 969 (S.B. 1984 ), Sec. 2, eff. September 1, 2021. SUBCHAPTER D. ALLOCATION OF MISCELLANEOUS BOND CEILING
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1372.074
What does The Texas Constitution § GV.1372.074 cover?
Section GV.1372.074 ("REASSIGNMENT OF CARRYFORWARD DESIGNATION") 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.1372.074?
A common citation format is "The Texas Constitution § GV.1372.074" (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.1372.074 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.