Tex. Spec. Dist. Local Laws Code Section 3869.006
Eligibility for Inclusion in Special Zones

(a)

All or any part of the area of the district is eligible to be included in:

(1)

a tax increment reinvestment zone created by the city under Chapter 311 (Tax Increment Financing Act), Tax Code;

(2)

a tax abatement reinvestment zone created by the city under Chapter 312 (Property Redevelopment and Tax Abatement Act), Tax Code; or

(3)

an enterprise zone created by the city under Chapter 2303 (Enterprise Zones), Government Code.

(b)

If the city creates a tax increment reinvestment zone described by Subsection (a), the district may accept and use money deposited in the tax increment fund, in accordance with a contract between the city and the district, for a purpose Section 380.002 (Economic Development Grants by Certain Municipalities)(b), Local Government Code, authorizes for a corporation. The district may pledge the money granted as security for bonds issued by the district for an improvement project.
Added by Acts 2009, 81st Leg., R.S., Ch. 888 (S.B. 2550), Sec. 1, eff. June 19, 2009.
Sec. 3869.007. CONSTRUCTION OF “AD VALOREM TAX.” In this chapter, a reference in law to an ad valorem tax refers to an ad valorem tax imposed by the district and not an ad valorem tax imposed by the city.
Added by Acts 2009, 81st Leg., R.S., Ch. 888 (S.B. 2550), Sec. 1, eff. June 19, 2009.

Source: Section 3869.006 — Eligibility for Inclusion in Special Zones, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3869.­htm#3869.­006 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 3869.006’s source at texas​.gov