Tex. Spec. Dist. Local Laws Code § 3985.0507 · Subchapter E. TAXES AND BONDS
CONSENT OF MUNICIPALITY AND AGREEMENT REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may not issue bonds until each municipality in whose corporate limits or extraterritorial jurisdiction the district is located has consented by ordinance or resolution to the creation of the district and to the inclusion of land in the district.
(b) Subsection (a) applies only to the district's first issuance of bonds payable from ad valorem taxes.
(c) The board may not impose taxes or assessments, borrow money, or issue obligations until the district and the city have entered into an agreement for the development of the property in the district and financing of improvement projects in the district.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 472 (H.B. 4680), Sec. 1, eff. June 7, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3985.htm
- Text hash
- sha256 45d243329e714a3bb7cf99c56abc4d65b80877b56ba966e8d59d2019ffe85568
- 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
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.