1372.064 – PRIORITY 2 CARRYFORWARD CLASSIFICATION. The
Texas Government Code § 1372.064
Summary
This law establishes a classification for certain bonds issued by political subdivisions in Texas, specifically those that require an allocation to maintain tax-exempt status. It affects issuers of private activity bonds and governmental bonds with excess private use.
Applies to bonds approved by voters in political subdivisions.
Addresses excess private use of governmental bonds.
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In simple terms: Learn about Texas's PRIORITY 2 CARRYFORWARD CLASSIFICATION. The 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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