1372.061 – DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE
Texas Government Code § 1372.061
Summary
This law allows the board to designate unreserved amounts of the state ceiling as carryforward, which can be used in future allocations. It specifically applies to amounts not reserved by a certain date and those that become available due to cancellations. This affects entities relying on state ceiling allocations for financing.
Board can designate unreserved amounts as carryforward.
Applies to amounts not reserved by December 15.
Includes amounts available from canceled reservations.
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In simple terms: Learn about Texas's DESIGNATION BY BOARD OF CERTAIN AMOUNTS OF STATE 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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