Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 311.016 - Annual Report By Municipality or County(a) On or before the 150th day following the end of the fiscal year of the municipality or county, the governing body of a municipality or county shall submit to the chief executive officer of each taxing unit that levies property taxes on real property in a reinvestment zone created by the municipality or county a report on the status of the zone. The report must include: (1) the amount and source of revenue in the tax increment fund established for the zone;(2) the amount and purpose of expenditures from the fund;(3) the amount of principal and interest due on outstanding bonded indebtedness;(4) the tax increment base and current captured appraised value retained by the zone; and(5) the captured appraised value shared by the municipality or county and other taxing units, the total amount of tax increments received, and any additional information necessary to demonstrate compliance with the tax increment financing plan adopted by the governing body of the municipality or county.(b) The municipality or county shall send a copy of a report made under this section to the comptroller. Acts 2011, 82nd Leg., R.S., Ch. 1032 (H.B. 2853), Sec. 16, eff. June 17, 2011 Acts 2011, 82nd Leg., R.S., Ch. 1032 (H.B. 2853), Sec. 15, eff. June 17, 2011 Acts 2011, 82nd Leg., R.S., Ch. 990 (H.B. 1781), Sec. 9, eff. June 17, 2011 Acts 2005, 79th Leg., Ch. 1094 (H.B. 2120), Sec. 46, eff. September 1, 2005Amended by: Acts 2005, 79th Leg., Ch. 977 (H.B. 1820), Sec. 2, eff. June 18, 2005 Acts 2001, 77th Leg., ch. 471, Sec. 2, eff. June 11, 2001 Acts 2001, 77th Leg., ch. 471, Sec. 1, eff. June 11, 2001Amended by Acts 1989, 71st Leg., ch. 2, Sec. 14.06(a), eff. Aug. 28, 1989Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987.