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Texas Government Code - GOV'T § 1372.043. Cancellation of Reservation on Issuer's Failure to Timely Close on Bonds

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

If an issuer does not close on the issuer's bonds as required by Section 1372.042:

(1) the reservation for the issue is canceled;  and

(2) for the period beginning on the reservation date and ending on the 150th day, the 180th day, or the 210th day after the reservation date, as applicable under Section 1372.042, or on the 210th day after the reservation date if the issuer is an issuer of qualified mortgage bonds:

(A) no issuer may submit an application for a reservation for the same project;  and

(B) the issuer is eligible for a carryforward designation for the project only as provided by Subchapter C.  1

1  V.T.C.A., Government Code § 1372.061 et seq.
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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1372.043. Cancellation of Reservation on Issuer's Failure to Timely Close on Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1372-043/

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