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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The commissioners court of a county may on receipt of a petition satisfying the requirements of Section 372.005, establish by order an economic development project in a designated portion of the county, or, if the county determines it is in the best interests of the county, create a district by order only in an area located in the extraterritorial jurisdiction of a municipality in that county. If the county is a county described by Section 382.002(2), the petition described by this subsection must also be approved by a resolution adopted by the municipality with a population of 1.1 million or more.
(b) For a county described by Section 382.002(2), a district may only be created in an area containing at least 2,000 contiguous acres of land that is located wholly or partly in the extraterritorial jurisdiction of a municipality with a population of 1.1 million or more.
(c) The order must:
(1) describe the territory in which the economic development project is to be located or the boundaries of a district;
(2) specifically authorize the district to exercise the powers of this chapter if the county has determined that creating a district is in the county's best interests; and
(3) state whether the petition requests improvements to be financed and paid for with taxes authorized by this chapter instead of or in addition to assessments.
Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 382.006. Establishment of Economic Development Projects; Optional Creation of Public Improvement District - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-382-006/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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