1372.023 – DEDICATION OF PORTIONS OF STATE CEILING TO TEXAS
Texas Government Code § 1372.023
Summary
This law allocates a specific percentage of the state ceiling for the Texas Department of Housing and Community Affairs to issue qualified mortgage bonds. It ensures that a portion of the available ceiling is dedicated to support housing initiatives in Texas.
33.34% of the state ceiling is reserved for housing bonds.
Allocation is exclusively for the Texas Department of Housing.
Supports affordable housing initiatives in Texas.
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In simple terms: Learn about Texas's DEDICATION OF PORTIONS OF STATE CEILING TO TEXAS law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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