Section 3980.0708 - Operating Agreement and Project Agreement(a) Except as provided by Subsection (b), before a new district created by division of the district may exercise any powers under this chapter: (1) the new district must enter into: (A) a joinder to the existing operating agreement between the city and the district; or(B) a separate operating agreement with the city; and(2) each developer of property in the new district must enter into: (A) a joinder to an existing project agreement between the city and a developer of property in the district applicable to the territory in the new district; or(B) a separate project agreement with the city.(b) A new district created by division of the district has the powers necessary, convenient, or desirable to negotiate and execute an agreement described by Subsection (a).Tex. Spec. Dist. Loc. Laws § 3980.0708
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 556,Sec. 1, eff. 6/10/2019.