Tex.
Agric. Code Section 60.106
Tax Increment Financing
(a)
A district may use tax increment financing under Chapter 311 (Tax Increment Financing Act), Tax Code, in the manner provided by that chapter for a municipality and as modified by this section.(b)
A county commissioners court may establish a reinvestment zone including property located in the district and enter into a contract with the directors of the district on terms mutually acceptable to the two entities to allow the district to use tax increment financing as provided by Chapter 311 (Tax Increment Financing Act), Tax Code.(c)
Property within the corporate limits of a municipality is not eligible for tax increment financing under this section.(d)
Before using tax increment financing, a district must:(1)
obtain the approval of the county commissioners court that issued the district’s creation order; and(2)
comply with Section 311.003 (Procedure for Creating Reinvestment Zone), Tax Code, as that section applies to a municipality.(e)
For the purpose of tax increment financing under this section, the district board of directors is the board of directors of the reinvestment zone. Section 311.009 (Composition of Board of Directors), Tax Code, does not apply to this chapter.
Source:
Section 60.106 — Tax Increment Financing, https://statutes.capitol.texas.gov/Docs/AG/htm/AG.60.htm#60.106 (accessed Apr. 29, 2024).
