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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) An ordinance or order designating an area as a development zone must:
(1) describe precisely the area to be included in the zone by a legal description or by reference to roadways, lakes, waterways, or municipal or county boundaries;
(2) state a finding that the area meets the requirements of this chapter;
(3) summarize briefly the:
(A) incentives, including tax incentives, that the designating body chooses to apply to businesses in the area; or
(B) programs to be developed to affect businesses in the area; and
(4) designate the area as a development zone.
(b) The incentives or programs summarized under Subsection (a)(3) must include:
(1) an incentive that does not apply to all businesses located in the jurisdiction of a governmental entity that designated the area as a development zone;
(2) an incentive or program designed to improve the skills of the local labor pool; and
(3) an incentive or program designed to address infrastructure, housing, or other elements essential to improving quality of life.
(c) This section does not prohibit a municipality or county from extending additional incentives, including tax incentives, to business enterprises in a development zone by a separate ordinance or order.
Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 386.034. Designating Ordinance or Order - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-386-034/
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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