1372.0231 – DEDICATION OF PORTION OF STATE CEILING
Texas Government Code § 1372.0231
Summary
This law allocates a portion of the state ceiling for qualified residential rental project bonds, designating specific percentages for the Texas Department of Housing and Community Affairs and housing finance corporations. It affects entities involved in issuing these bonds for residential projects in Texas.
20% of the state ceiling is for the Texas Department of Housing.
70% is reserved for housing finance corporations.
Applies until August 15 of each year.
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In simple terms: Learn about Texas's DEDICATION OF PORTION OF STATE CEILING 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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