Tex. Spec. Dist. Local Laws Code § 3905.155 · Subchapter D. GENERAL FINANCIAL PROVISIONS; ASSESSMENTS
TAX INCREMENT FINANCING POWERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may designate all or any part of the district as a tax increment reinvestment zone. The district may use tax increment financing under Chapter 311, Tax Code, in the manner provided by that chapter for a municipality, except as modified by this section.
(b) The district has all powers provided under Chapter 311, Tax Code.
(c) The district and an overlapping taxing unit may enter into an interlocal agreement for the payment of all or a portion of the tax increment of the unit to the district.
(d) For the purpose of tax increment financing under this section, the board functions as the board of directors of the reinvestment zone. Section 311.009, Tax Code, does not apply to the district.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 345 (H.B. 2139), Sec. 1, eff. June 14, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3905.htm
- Text hash
- sha256 23702d74f3cd8bb0f9c52bb5e9c421259990c2f11c9c98492d38631ed8ab16ca
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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