Government Code § 1372.074

An issuer may reassign a carryforward designation after one year if it provides the listed documents and information, and a reassigned project must close within the time allowed by federal tax law.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction: United States — Texas
Instrument: Code
Version: Undated source snapshot
Language: en
Official source: View official record ↗

bond allocation carryforward designation

Publicly available, excluded from search-engine indexing

This page remains available for direct access and API use, but this release emits noindex,follow for the following reason:

The record does not meet this release's canonical indexing criteria. (emergency-noindex)

Statute overview

About this statute

This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.

Read the provisions Ask with citations

Search within this statute

Search all stored provisions in this version.

Legal text

Provisions of Government Code § 1372.074

Showing 1 of 1

1372.074
Government Code § 1372.074
Verify source ↗

AI-assisted research summary: An issuer may reassign a carryforward designation after one year if it provides the listed documents and information, and a reassigned project must close within the time allowed by federal tax law.

Sec. 1372.074. 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

Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.

About this LexChat collection

Publisher and coverage

LexChat is published by Esheria. Coverage reflects the legislation currently mapped from identified source collections; it may be incomplete, delayed, or later corrected. The official source controls where it differs from this research page.

AI and research method

AI-generated material is explicitly labelled and published only through LexChat's quality controls. It is a research aid, not the source document.

Corrections and reporting

Report a source mismatch, factual issue, personal-data concern, or licensing question to support@esheria.co.ke. Include this page's URL and the supporting official source so the record can be reviewed, corrected, restricted, or withdrawn.

Legal-information disclaimer

LexChat provides legal information and research tools, not legal advice. Verify currency, status, citations, and jurisdiction with authoritative sources and a qualified professional where appropriate.

Government Code § 1372.074

Publicly available, excluded from search-engine indexing

About this statute

Search within this statute

Provisions of Government Code § 1372.074

Ask AI about this statute

Sign in to ask AI about this statute