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Texas Government Code - GOV'T § 1372.041. Refusal to Accept Reservation by Issuer

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) An issuer may:

(1) refuse to accept a reservation if the amount of state ceiling available is less than the amount for which the issuer applied; or

(2) refuse to accept a reservation for any amount if the reservation is granted after September 23.

(b) The amount of available state ceiling is subject to the grant of a reservation to each succeeding issuer eligible to be granted a reservation of that available state ceiling in the order of priority under this subchapter.

(c) An issuer's refusal to accept a reservation does not affect the issuer's order of priority for a subsequent grant of a reservation.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1372.041. Refusal to Accept Reservation by Issuer - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1372-041/

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