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Current as of January 01, 2024 | Updated by Findlaw Staff
Before designating a development zone, the board must prepare a preliminary financing plan for the zone that includes:
(1) estimated project costs, including administrative expenses;
(2) a description of the kind, number, and location of all proposed improvement projects in the zone;
(3) the estimated amount of:
(A) bonded indebtedness to be incurred; or
(B) the financial obligation of any other contractual obligation to be incurred;
(4) a description of the methods of financing and expected sources of revenue to pay for the costs of proposed improvement projects; and
(5) the projected duration of the zone.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 3846.254. Preliminary Financing Plan Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-3846-254/
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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