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Texas Special District Local Laws Code - SDLL § 7904A.0404. Consent of Municipality and Development Agreement Required

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

(a) The temporary directors may not hold an election to authorize the issuance of bonds until:

(1) the governing body of the city by ordinance or resolution consents to the creation of the district and to the inclusion of land in the district; and

(2) the district, the city, and the owner or owners of a majority of the assessed value of real property in the district negotiate and execute a mutually approved and accepted development and operating agreement, including any limitations imposed by the city.

(b) The city's consent under Subsection (a) must be granted in the manner provided by Section 54.016, Water Code, for including land within the corporate limits or extraterritorial jurisdiction of a city.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 7904A.0404. Consent of Municipality and Development Agreement Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-7904a-0404/

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