Texas § GV.1372.061 - DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD
Full text of Texas The Texas Constitution § GV.1372.061 — DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD, with citation guidance and answers to common questions.
§ GV.1372.061. DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD
DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD. (a) The board may designate as carryforward: (1) the amount of the state ceiling that is not reserved before December 15; and (2) any amount of the state ceiling that: (A) was reserved before December 15; and (B) becomes available on or after that date because of the cancellation of a reservation. (b) The board shall designate as carryforward: (1) a reservation amount for which the board receives written notice from an issuer of an election to carry forward the reservation under Section 1372.042 (c) if the bonds relating to the reservation are not required to close by December 31 of the year in which the reservation was granted; or (2) an amount previously designated as carryforward under Subsection (a) for which the board receives written notice from an issuer of an election to reassign the carryforward designation under Section 1372.074 . 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. Amended by: Acts 2021, 87th Leg., R.S., Ch. 969 (S.B. 1984 ), Sec. 1, eff. September 1, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1372.061
What does The Texas Constitution § GV.1372.061 cover?
Section GV.1372.061 ("DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE CEILING AS CARRYFORWARD") 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.1372.061?
A common citation format is "The Texas Constitution § GV.1372.061" (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.1372.061 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.