{"data":{"id":"us-tx/tex.-government-code-1372.064","jurisdiction":"us-tx","citation":"Tex. Government Code § 1372.064","heading":"PRIORITY 2 CARRYFORWARD CLASSIFICATION.","body":"The priority 2 carryforward classification applies to an issuer of bonds approved by the voters of a political subdivision of this state if:\n(1) the bonds will be private activity bonds for which an allocation will be required for the bonds to be tax exempt under the Internal Revenue Code; or\n(2) the excess private use of a governmental bond will require allocation so that the bond may retain its tax exempt status under the Internal Revenue Code.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE F. SPECIFIC AUTHORITY FOR STATE OR LOCAL GOVERNMENT TO ISSUE SECURITIES","CHAPTER 1372. PRIVATE ACTIVITY BONDS AND CERTAIN OTHER BONDS","SUBCHAPTER C. CARRYFORWARD OF STATE CEILING"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1372.htm#1372.064","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"bf345b577b476be16bad7b29417afbcf22c13df647a59730ce29a27b205c693c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1372.063","next":"us-tx/tex.-government-code-1372.065"},"notice":"GroundRules: Original legal text. Not legal advice."}