1372.024 – INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO
Texas Government Code § 1372.024
Summary
This law allows for an increase in the state ceiling available to issuers of state-voted issues if applications exceed 10% of the available ceiling. It ensures that excess requests can be allocated to those applications after January 2. This affects issuers seeking reservations for state-voted issues in Texas.
Increases state ceiling for issuers if applications exceed 10%.
Excess requests are allocated after January 2.
Affects issuers of state-voted issues in Texas.
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In simple terms: Learn about Texas's INCREASE IN AMOUNT OF STATE CEILING AVAILABLE TO 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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