Texas Government Code 1372.039 – Certification Required of Issuer; Cancellation On Failure
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(a) Not later than the 35th day after an issuer’s reservation date, the issuer shall submit to the board:
(1) a certificate signed by an authorized representative of the issuer that certifies the principal amount of the bonds to be issued; and
(2) a list of finance team members and their addresses and telephone numbers.
(b) If the principal amount certified by the issuer is less than the amount stated in the issuer’s application for the reservation, the amount of the issuer’s reservation is reduced to the amount certified.
Terms Used In Texas Government Code 1372.039
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
(c) If an issuer does not submit the documents as required by this section and the fee as required by § 1372.006(d)(1):
(1) the reservation is canceled; and
(2) from the reservation date of the canceled reservation until the expiration of the applicable period described by § 1372.042(a) or (b):
(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.
(d) If an issuer does not submit the documents during the period provided by Subsection (a), the issuer may submit the documents not later than the third day after the end of the 35-day period together with a statement and evidence regarding extenuating circumstances that prevented a timely filing. The board shall review the statement and the evidence and may, based on the statement and evidence, permit the late filing.