Tex. Spec. Dist. Local Laws Code § 3926.156 · Subchapter C-1. IMPROVEMENT PROJECTS AND SERVICES
DEVELOPMENT AND OPERATING AGREEMENT REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After the district's board is organized, but before the district may undertake any improvement project, issue bonds, levy assessments or fees, or borrow money, the district, the city, and the owner of a majority of the assessed value of real property in the district according to the most recent certified tax rolls of the central appraisal district of the county must negotiate and execute a mutually approved and accepted development and operating agreement, including any limitations imposed by the city.
(b) An agreement authorized by this section is not effective until its terms and execution are approved by the board, the governing body of the city by ordinance or resolution, and the owner described by Subsection (a).
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 977 (H.B. 3603), Sec. 1, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3926.htm
- Text hash
- sha256 a563ca0945d0ff798e2c960b55a15b96c07e42ba2b8f845ca4cc8a5577369e09
- 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
Cited by 4 provisions
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 3926.156. Each shows the citation as that text prints it.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 3926.008DEVELOPMENT AND OPERATING AGREEMENT EXECUTION REQUIRED.Printed as Section 3926.156
- Tex. Spec. Dist. Local Laws Code § 3926.114POWERS SUBJECT TO DEVELOPMENT AND OPERATING AGREEMENT.Printed as Section 3926.156
- Tex. Spec. Dist. Local Laws Code § 3926.154CITY REQUIREMENTS.Printed as Section 3926.156
- Tex. Spec. Dist. Local Laws Code § 3926.253BORROWING MONEY; OBLIGATIONS.Printed as Section 3926.156
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.