1372.030 – GRANTING OF CERTAIN RESERVATIONS PROHIBITED;
Texas Government Code § 1372.030
Summary
This law prohibits the board from granting reservations to issuers who have access to proceeds from other bonds for the same project. It ensures that funds are allocated efficiently and prevents double funding of projects. Certain exceptions may apply under specific conditions outlined in other sections.
Prohibits reservations for issuers with other bond proceeds.
Aims to prevent double funding of projects.
Exceptions may exist under specified conditions.
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In simple terms: Learn about Texas's GRANTING OF CERTAIN RESERVATIONS PROHIBITED; 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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