Tex. Gov't Code § 1372.066

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1372.066 - Priority 4 Carryforward Classification

(a) The priority 4 carryforward classification applies to any political subdivision:

(1) that is authorized to issue bonds; and

(2) to which priority carryforward classifications 1-3 do not apply.

(b) A project that is the subject of an application for a priority 4 carryforward classification must be owned by a governmental unit in accordance with applicable provisions of the Internal Revenue Code.

Tex. Gov't. Code § 1372.066

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