Tex.
Local Gov't Code Section 373A.158
Annual Report
(a)
If a county elects to participate in a homestead preservation reinvestment zone, the county is the only taxing unit entitled to receive the annual report prepared under Section 311.016 (Annual Report by Municipality or County)(a), Tax Code.(b)
The report must include:(1)
the amount and source of revenue in the tax increment fund established for the zone;(2)
the amount and purpose of expenditures from the fund and the income levels of the persons who benefited from the expenditures;(3)
the number of parcels of property purchased, housing units rehabilitated, and housing units constructed and the income levels of the persons residing in the housing units;(4)
the tax increment base and current captured appraised value retained by the zone;(5)
the total amount of tax increments received; and(6)
any additional information necessary to demonstrate good faith compliance with the provisions of this subchapter.(c)
Repealed by Acts 2007, 80th Leg., R.S., Ch. 1175, Sec. 17(2), eff. September 1, 2007.(d)
The municipality shall make the report available to the public on the municipality’s official website.
Source:
Section 373A.158 — Annual Report, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.373A.htm#373A.158 (accessed Jun. 5, 2024).
