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Before the district may issue bonds, impose taxes, or borrow money, the district and the town must negotiate and execute a mutually approved and accepted interlocal project development agreement regarding the district's development plans and rules for:
(1) the development and operation of the district; and
(2) the financing of improvement projects.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 3886.104. Project Development Agreement Required - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-3886-104/
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