Tex. Gov't Code Section 1372.006
Fees


(a)

An application for a reservation under Subchapter B or a carryforward designation under Subchapter C must be accompanied by a nonrefundable fee in the amount of $500, except that:

(1)

for projects that include multiple facilities authorized under Section 1372.002(e), the application must be accompanied by a nonrefundable fee in an amount of $500 for each facility included in the application for the project;

(2)

for issuers of qualified residential rental project bonds the application must be accompanied by a nonrefundable fee of $5,000, of which the board shall retain $1,000 to offset the costs of the private activity bond allocation program and the administration of that program and of which the board shall transfer $4,000 through an interagency agreement to the Texas Department of Housing and Community Affairs for use in the affordable housing research and information program as provided by Section 2306.259 (Affordable Housing Research and Information Program); and

(3)

for a project that includes multiple qualified residential rental projects authorized under Section 1372.002(f), the application must be accompanied by a nonrefundable fee in an amount of $5,000 for each qualified residential rental project included in the application for the project, with a maximum total fee of $25,000. The board shall retain 20 percent to offset the costs of the private activity bond allocation program and the administration of that program. The board shall transfer 80 percent through an interagency agreement to the Texas Department of Housing and Community Affairs for use in the affordable housing research and information program as provided by Section 2306.259 (Affordable Housing Research and Information Program).

(b)

An issuer, other than an issuer under Section 1372.022 (Availability of State Ceiling to Issuers)(a)(2), shall submit to the board a closing fee in an amount that is equal to the greater of:

(1)

$1,000; or

(2)

0.025 percent of the principal amount of the bonds certified as provided by Section 1372.039 (Certification Required of Issuer; Cancellation on Failure)(a)(1).

(c)

An issuer exchanging a portion of the state ceiling for mortgage credit certificates shall submit to the board a closing fee in an amount that is equal to the greater of:

(1)

$1,000; or

(2)

0.0125 percent of the amount of the state ceiling exchanged.

(d)

Of each fee required by Subsection (b) or (c):

(1)

one-third must be submitted not later than the 35th day after the reservation date for the issue; and

(2)

the remainder must be submitted at the time of closing.

(e)

An issuer receiving a carryforward designation shall submit to the board a fee in an amount that is equal to the greater of:

(1)

$1,000; or

(2)

0.025 percent of the amount of the carryforward designation.

(f)

A fee required by Subsection (e) must be submitted not later than the fifth business day following the date of receipt of the carryforward designation.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.012(a), eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 1329, Sec. 2, eff. Sept. 1, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 951 (H.B. 1582), Sec. 2, eff. June 18, 2005.
Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 6, eff. June 19, 2009.
Acts 2015, 84th Leg., R.S., Ch. 233 (H.B. 2878), Sec. 2, eff. September 1, 2015.
Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 3, eff. September 1, 2019.

Source: Section 1372.006 — Fees, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1372.­htm#1372.­006 (accessed Jun. 5, 2024).

1372.001
Definitions
1372.004
Rules
1372.005
Delivery of Required Submissions to Board
1372.006
Fees
1372.021
Annual Allocation of State Ceiling
1372.022
Availability of State Ceiling to Issuers
1372.023
Dedication of Portions of State Ceiling to Texas Department of Housing and Community Affairs
1372.024
Increase in Amount of State Ceiling Available to Issuers of State-voted Issues
1372.025
Reallocation of State Ceiling on Failure of Bonds to Qualify as Tax-exempt Obligations
1372.026
Limitation on Amount of State Ceiling Available to Housing Finance Corporations
1372.027
Publication of Available State Ceiling
1372.028
Application for Reservation
1372.029
Applications for Multiple Projects at Same Site Prohibited
1372.030
Granting of Certain Reservations Prohibited
1372.031
Priorities for Reservations Among Certain Issuers
1372.032
Priorities for Reservations Among Issuers of Qualified Mortgage Bonds
1372.033
Priorities for Reservations Among Certain Issuers of Qualified Student Loan Bonds
1372.034
Order of Acceptance of Certain Applications for Reservation
1372.035
Granting of Reservations
1372.036
Reservations from Portion of State Ceiling Subsequently Becoming Available
1372.037
Limitations on Granting of Reservations for Individual Projects
1372.038
Reservation Date
1372.039
Certification Required of Issuer
1372.040
Reservation by Certain Issuers of Qualified Mortgage Bonds of Money for Mortgages for Certain Persons
1372.041
Refusal to Accept Reservation by Issuer
1372.042
Deadline for Closing on Bonds by Issuer
1372.043
Cancellation of Reservation on Issuer’s Failure to Timely Close on Bonds
1372.044
Assignment of Reservation
1372.045
Reservation, Allocation, and Carryforward Designation by Board of Additional State Ceiling
1372.061
Designation by Board of Certain Amounts of State Ceiling as Carryforward
1372.062
Priority Classifications of Carryforward Designations
1372.069
Application for Carryforward Designation
1372.070
Form and Contents of Application for Carryforward Application
1372.071
Action on Application for Carryforward Designation
1372.072
Amendment or Withdrawal of Application for Carryforward Designation
1372.073
Designation by Board of Unencumbered State Ceiling
1372.074
Reassignment of Carryforward Designation
1372.101
Program Administration
1372.102
Rules and Procedures
1372.103
Application Fees
1372.0223
Dedication of Portion of State Ceiling to Certain Issuers of Qualified Mortgage Bonds
1372.0231
Dedication of Portion of State Ceiling Available for Qualified Residential Rental Project Bonds
1372.0261
Failure of Housing Finance Corporation to Use Amount of State Ceiling Allocated
1372.0281
Information Required of Issuers of Certain Qualified Student Loan Bonds
1372.0321
Priorities for Reservations Among Issuers of Qualified Residential Rental Project Issues

Accessed:
Jun. 5, 2024

§ 1372.006’s source at texas​.gov