Tex. Spec. Dists. Code § 3911.251

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 3911.251 - Development Agreement Required to Borrow Money or Impose Taxes or Assessments, Including Bonds

Before the district may issue bonds, impose taxes or assessments, or borrow money, the district and the city must negotiate and execute a development agreement regarding the development plans and rules for:

(1) the development and operation of the district; and

(2) the financing of improvement projects.

Tex. Spec. Dist. Loc. Laws § 3911.251

Added by Acts 2011, 82nd Leg., R.S., Ch. 587, Sec. 1, eff. 6/17/2011.