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Relating to the reassignment of the carryforward designation of certain private activity bonds.
No significant fiscal implication to the State is anticipated.
SB 1984 would allow the Bond Review Board to extend the deadline for carryforward bonds by reassigning a previously designated carryforward bond to the issuer's next available application for a project, as opposed to a new project as is the case under current law, if the issuer submitted a written withdrawal request and paid applicable fees.
As SB 1984 does not pertain to the liberty principles, Texas Action is neutral on this bill.
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