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Texas Special District Local Laws Code - SDLL § 3980.0708. Operating Agreement and Project Agreement

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

(a) Except as provided by Subsection (b), before a new district created by division of the district may exercise any powers under this chapter:

(1) the new district must enter into:

(A) a joinder to the existing operating agreement between the city and the district; or

(B) a separate operating agreement with the city; and

(2) each developer of property in the new district must enter into:

(A) a joinder to an existing project agreement between the city and a developer of property in the district applicable to the territory in the new district; or

(B) a separate project agreement with the city.

(b) A new district created by division of the district has the powers necessary, convenient, or desirable to negotiate and execute an agreement described by Subsection (a).

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 3980.0708. Operating Agreement and Project Agreement - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-3980-0708/

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