(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:
(1) is removed from the state ceiling available to other issuers on January 2; and
(2) is available for those applications for reservations for state-voted issues.
(b) The amount removed under Subsection (a) may not exceed 10 percent of the state ceiling.

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