Tex.
Local Gov't Code Section 399.006
Establishment of Program
(a)
The governing body of a local government may determine that it is convenient and advantageous to establish a program under this chapter.(b)
An authorized representative of the local government that establishes a program may enter into a written contract with a record owner of real property in a region designated under this chapter to impose an assessment to repay the owner’s financing of a qualified project on the owner’s property. The financing to be repaid through assessments may be provided by a third party or, if authorized by the program, by the local government.(c)
If the program provides for third-party financing, the authorized representative of the local government that enters into a written contract with a property owner under Subsection (b) must also enter into a written contract with the party that provides financing for a qualified project under the program to service the debt through assessments.(d)
If the program provides for local government financing, the written contract described by Subsection (b) must be a contract to finance the qualified project through assessments.(e)
The financing for which assessments are imposed may include:(1)
the cost of materials and labor necessary for installation or modification of a qualified improvement;(2)
permit fees;(3)
inspection fees;(4)
lender’s fees;(5)
program application and administrative fees;(6)
project development and engineering fees;(7)
third-party review fees, including verification review fees, under Section 399.011 (Review Required); and(8)
any other fees or costs that may be incurred by the property owner incident to the installation, modification, or improvement on a specific or pro rata basis, as determined by the local government.
Source:
Section 399.006 — Establishment of Program, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.399.htm#399.006 (accessed Jun. 5, 2024).
