Section 376.006 - Report Regarding Assessment An appropriate municipal official designated in the resolution shall prepare a report containing:
(1) a map showing the boundaries of the area within which contractual assessments are proposed to be offered;(2) a draft contract specifying the terms that would be agreed to by the municipality and a property owner within the contractual assessment area;(3) a statement of municipal policies concerning contractual assessments including: (A) identification of types of energy efficiency public improvements, distributed generation renewable energy sources, or energy efficiency improvements that may be financed through the use of contractual assessments;(B) identification of a municipal official authorized to enter into contractual assessments on behalf of the municipality;(C) a maximum aggregate dollar amount of contractual assessments;(D) a method for ranking requests from property owners for financing through contractual assessments in priority order if requests appear likely to exceed the authorization amount; and(E) a method for ensuring that property owners requesting financing demonstrate the financial ability to fulfill financial obligations under the contractual assessments;(4) a plan for raising a capital amount required to pay for work performed in accordance with contractual assessments that:(A) may include:(i) amounts to be advanced by the municipality through funds available to it from any source; and(ii) the sale of bonds or other financing;(B) shall include a statement of or method for determining the interest rate and period during which contracting property owners would pay any assessment; and(C) shall provide for: (i) any reserve fund or funds; and(ii) the apportionment of all or any portion of the costs incidental to financing, administration, and collection of the contractual assessment program among the consenting property owners and the municipality; and(5) the results of the consultations with the appropriate appraisal districts concerning incorporating the proposed contractual assessments into the assessments of property taxes.Tex. Loc. Gov't. Code § 376.006
Added by Acts 2009, 81st Leg., R.S., Ch. 655, Sec. 1, eff. 9/1/2009.