Texas § TN.222.035 - PRIVATE ACTIVITY BONDS
Full text of Texas The Texas Constitution § TN.222.035 — PRIVATE ACTIVITY BONDS, with citation guidance and answers to common questions.
§ TN.222.035. PRIVATE ACTIVITY BONDS
PRIVATE ACTIVITY BONDS. (a) In this section, "private activity bond" has the meaning assigned by Section 141(a), Internal Revenue Code of 1986. (b) If the attorney general makes a determination that the United States Congress has enacted legislation amending the Internal Revenue Code of 1986 to include highway facilities or surface freight transfer facilities among the types of facilities for which private activity bonds may be used: (1) the determination shall be published in the Texas Register; and (2) Subsections (d), (e), (f), and (g) take effect on the 30th day after the date on which the attorney general's determination is published in the Texas Register. (c) The attorney general shall monitor federal legislation for purposes of this section. (d) The department shall establish and administer a program for private activity bonds issued for highway facilities or surface freight transfer facilities in this state. (e) The program, at a minimum, must include a process by which the department and the Bond Review Board receive and evaluate applications for issuance of private activity bonds for highway facilities or surface freight transfer facilities. (f) The department shall adopt rules to administer the program established under this section. (g) To the extent that private activity bonds for highway facilities or surface freight transfer facilities are subject to the state ceiling under Section 146, Internal Revenue Code of 1986, the issuance of bonds for those facilities is governed by Chapter 1372 , Government Code. Added by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702 ), Sec. 2.16, eff. June 14, 2005. SUBCHAPTER C. FUNDING FROM OTHER POLITICAL SUBDIVISIONS
Frequently Asked Questions About Texas § TN.222.035
What does The Texas Constitution § TN.222.035 cover?
Section TN.222.035 ("PRIVATE ACTIVITY BONDS") 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 § TN.222.035?
A common citation format is "The Texas Constitution § TN.222.035" (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 § TN.222.035 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.