State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3633 – Housing Bonds – Reservation Certificate
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Inactive

This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

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Revenue Type: Cash — Welfare/Mental Health
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Notes


Created in 1985 in TEX. REV. CIV. STAT. ANN. art. 5190.9a § 12 to receive a fee of $500 from issuers applying for a reservation under Subchapter B or a carry forward designation under Subchapter C and a closing fee equal to the greater of (1) $1,000; or (2) 0.025% of the principal amount of the bonds certified. An issuer exchanging a portion of the state ceiling for mortgage credit certificates shall submit a closing fee equal to the greater of: (1) $1,000; or (2) 0.25% of the amount of the state ceiling exchanged. Set up in error. See Revenue Code 3133 for Private Activity Bonds.


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