Texas § GV.1372.069 - APPLICATION FOR CARRYFORWARD DESIGNATION
Full text of Texas The Texas Constitution § GV.1372.069 — APPLICATION FOR CARRYFORWARD DESIGNATION, with citation guidance and answers to common questions.
§ GV.1372.069. APPLICATION FOR CARRYFORWARD DESIGNATION
APPLICATION FOR CARRYFORWARD DESIGNATION; LIMITATIONS. (a) An issuer may apply for a carryforward designation at any time during the year in which the designation is sought. (b) An issuer that applies for a carryforward designation may not apply later in the same year for a reservation for the same project. (c) An issuer may apply for the carryforward designation of an amount that is not more than the greater of: (1) $50 million; or (2) 1.70 percent of the available state ceiling. (d) The board by rule shall prevent an issuer from applying for a carryforward designation in an amount that is greater than the amount needed. (e) A carryforward designation granted under this section must comply with the Internal Revenue Code of 1986. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474 ), Sec. 16, eff. September 1, 2019.
Frequently Asked Questions About Texas § GV.1372.069
What does The Texas Constitution § GV.1372.069 cover?
Section GV.1372.069 ("APPLICATION FOR 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.1372.069?
A common citation format is "The Texas Constitution § GV.1372.069" (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.1372.069 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.