1372.0261 – FAILURE OF HOUSING FINANCE CORPORATION TO USE
Texas Government Code § 1372.0261
Summary
This law establishes guidelines for housing finance corporations regarding the use of allocated state ceiling amounts for issuing private activity bonds. It affects housing finance corporations that must meet certain utilization percentages to ensure effective use of allocated funds for mortgage loans or credit certificates.
Defines 'utilization percentage' for allocated state ceiling amounts.
Requires housing finance corporations to issue bonds effectively.
Non-compliance may affect future allocations and funding.
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In simple terms: Learn about Texas's FAILURE OF HOUSING FINANCE CORPORATION TO USE 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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