Section 3846.254 - Preliminary Financing Plan Required Before designating a development zone, the board must prepare a preliminary financing plan for the zone that includes:
(1) estimated project costs, including administrative expenses;(2) a description of the kind, number, and location of all proposed improvement projects in the zone;(3) the estimated amount of:(A) bonded indebtedness to be incurred; or(B) the financial obligation of any other contractual obligation to be incurred;(4) a description of the methods of financing and expected sources of revenue to pay for the costs of proposed improvement projects; and(5) the projected duration of the zone.Tex. Spec. Dist. Loc. Laws § 3846.254
Added by Acts 2009, 81st Leg., R.S., Ch. 87, Sec. 21.036, eff. 9/1/2009.