Texas Special District Local Laws Code - SDLL § 5002.203. Designation of Reinvestment Zone

(a) Notwithstanding SubchaptersSubchapter B and C, Chapter 312, Tax Code, the district may submit a written request to the commissioners court of a county in which a property owned by the district is located for the commissioners court to designate the property as a reinvestment zone for the purposes of Chapter 312, Tax Code.  The commissioners court may designate the property as a reinvestment zone if the commissioners court finds the criteria set forth in Section 312.202, Tax Code, are met for the property as if a municipality in which the property is located were creating the zone.

(b) The commissioners court may execute a tax abatement agreement with the owner of a leasehold interest in tax-exempt real property or property owned by the district located in a reinvestment zone designated under this subchapter to exempt all or a portion of the value of the leasehold interest in the real property.  The court may execute a tax abatement agreement with the owners of tangible personal property or an improvement located on tax-exempt real property or property owned by the district that is located in a reinvestment zone designated under this subchapter to exempt all or a portion of the value of the tangible personal property or improvement located on the real property.

(c) The other terms of an agreement entered into under this section are governed by Chapter 312, Tax Code.