{"data":{"id":"us-tx/tex.-government-code-1372.069","jurisdiction":"us-tx","citation":"Tex. Government Code § 1372.069","heading":"APPLICATION FOR CARRYFORWARD DESIGNATION; LIMITATIONS.","body":"(a) An issuer may apply for a carryforward designation at any time during the year in which the designation is sought.\n(b) An issuer that applies for a carryforward designation may not apply later in the same year for a reservation for the same project.\n(c) An issuer may apply for the carryforward designation of an amount that is not more than the greater of:\n(1) $50 million; or\n(2) 1.70 percent of the available state ceiling.\n(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.\n(e) A carryforward designation granted under this section must comply with the Internal Revenue Code of 1986.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 16, eff. September 1, 2019.","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#1372.069","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"f52264267b04ebf5d93bc3fbe4c0b68270291dff90924fda57baedec447e6802","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1372.068","next":"us-tx/tex.-government-code-1372.070"},"notice":"GroundRules: Original legal text. Not legal advice."}