Section 3869.006 - Eligibility for Inclusion in Special Zones(a) All or any part of the area of the district is eligible to be included in: (1) a tax increment reinvestment zone created by the city under Chapter 311, Tax Code;(2) a tax abatement reinvestment zone created by the city under Chapter 312, Tax Code; or(3) an enterprise zone created by the city under Chapter 2303, Government Code.(b) If the city creates a tax increment reinvestment zone described by Subsection (a), the district may accept and use money deposited in the tax increment fund, in accordance with a contract between the city and the district, for a purpose Section 380.002(b), Local Government Code, authorizes for a corporation. The district may pledge the money granted as security for bonds issued by the district for an improvement project.Tex. Spec. Dist. Loc. Laws § 3869.006
Added by Acts 2009, 81st Leg., R.S., Ch. 888, Sec. 1, eff. 6/19/2009.