Section 3994.0506 - Consent of Municipality and Development Agreement Required(a) The board may not hold an election to authorize the issuance of bonds until: (1) the governing body of a city by ordinance or resolution consents to the creation of the district and to the inclusion of land in the district; and(2) the district, the governing body of the city that consents to the creation of the district as described by Subdivision (1), and the owner or owners of a majority of the assessed value of real property in the district negotiate and execute a mutually approved and accepted development and operating agreement, including any limitations imposed by the city.(b) A city's consent under Subsection (a) must be granted in the manner provided by Section 54.016, Water Code, for including land within the corporate limits or extraterritorial jurisdiction of a city.Tex. Spec. Dist. Loc. Laws § 3994.0506
Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 989,Sec. 1, eff. 6/18/2021.