Tex. Gov't Code § 1372.041

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1372.041 - Refusal to Accept Reservation By Issuer
(a) An issuer may:
(1) refuse to accept a reservation if the amount of state ceiling available is less than the amount for which the issuer applied; or
(2) refuse to accept a reservation for any amount if the reservation is granted after September 23.
(b) The amount of available state ceiling is subject to the grant of a reservation to each succeeding issuer eligible to be granted a reservation of that available state ceiling in the order of priority under this subchapter.
(c) An issuer's refusal to accept a reservation does not affect the issuer's order of priority for a subsequent grant of a reservation.

Tex. Gov't. Code § 1372.041

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.