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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The governing body of a local government may determine that it is convenient and advantageous to establish a program under this chapter.
(b) An authorized representative of the local government that establishes a program may enter into a written contract with a record owner of real property in a region designated under this chapter to impose an assessment to repay the owner's financing of a qualified project on the owner's property. The financing to be repaid through assessments may be provided by a third party or, if authorized by the program, by the local government.
(c) If the program provides for third-party financing, the authorized representative of the local government that enters into a written contract with a property owner under Subsection (b) must also enter into a written contract with the party that provides financing for a qualified project under the program to service the debt through assessments.
(d) If the program provides for local government financing, the written contract described by Subsection (b) must be a contract to finance the qualified project through assessments.
(e) The financing for which assessments are imposed may include:
(1) the cost of materials and labor necessary for installation or modification of a qualified improvement;
(2) permit fees;
(3) inspection fees;
(4) lender's fees;
(5) program application and administrative fees;
(6) project development and engineering fees;
(7) third-party review fees, including verification review fees, under Section 399.011; and
(8) any other fees or costs that may be incurred by the property owner incident to the installation, modification, or improvement on a specific or pro rata basis, as determined by the local government.
Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 399.006. Establishment of Program - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-399-006/
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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