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Texas Local Government Code - LOC GOV'T § 505.156. Projects Related to Business Enterprises in Certain Municipalities

Current as of January 01, 2024 | Updated by Findlaw Staff

For purposes of this chapter, “project” includes land, buildings, equipment, facilities, and improvements found by the board of directors to be required or suitable for the development, retention, or expansion of business enterprises if the project is undertaken by a Type B corporation authorized to be created by a municipality:

(1) that has not for each of the preceding two fiscal years received more than $50,000 in revenues from sales and use taxes imposed under this chapter; and

(2) the governing body of which has authorized the project by adopting a resolution only after giving the resolution at least two separate readings conducted at least one week apart.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 505.156. Projects Related to Business Enterprises in Certain Municipalities - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-505-156/

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