Sec. 1372.069. APPLICATION FOR CARRYFORWARD DESIGNATION; LIMITATIONS. (a) An issuer may apply for a carryforward designation at any time during the year in which the designation is sought.
(b) An issuer that applies for a carryforward designation may not apply later in the same year for a reservation for the same project.
(c) An issuer may not apply for the carryforward designation of an amount that is greater than $50 million.
(d) The board by rule shall prevent an issuer from applying for a carryforward designation in an amount that is greater than the amount needed.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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