Texas Government Code - GOV'T § 1372.024. Increase in Amount of State Ceiling Available to Issuers of State-Voted Issues

(a) If, before January 2, applications received for reservations for state-voted issues total more than 10 percent of the available state ceiling for that program year, the percentage of state-voted ceiling requested that is more than 10 percent of the state ceiling:

(b) The amount removed under Subsection (a) may not exceed 10 percent of the state ceiling.

(c) The remaining portion of the state ceiling is available in accordance with Section 1372.022(a).