Tex. Spec. Dist. Local Laws Code Section 3884.006
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 city and the board of directors of the zone, by contract with the district, may grant money deposited in the tax increment fund to the district to be used by the district for the purposes permitted for money granted to a corporation under Section 380.002 (Economic Development Grants by Certain Municipalities)(b), Local Government Code, including the right to pledge the money as security for any bonds issued by the district for an improvement project. A project may not receive public funds under Section 380.002 (Economic Development Grants by Certain Municipalities)(b), Local Government Code, unless the project has been approved by the governing body of the city by the adoption of a resolution.

(c)

A tax increment reinvestment zone created by the city in the district is not subject to the limitations provided by Section 311.006 (Restrictions on Composition of Reinvestment Zone)(b), Tax Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 866 (S.B. 2501), Sec. 1, eff. June 19, 2009.

Source: Section 3884.006 — Eligibility for Inclusion in Special Zones, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3884.­htm#3884.­006 (accessed Apr. 29, 2024).

3884.001
Definitions
3884.002
Creation and Nature of District
3884.003
Purpose
3884.004
Findings of Benefit and Public Purpose
3884.005
District Territory
3884.006
Eligibility for Inclusion in Special Zones
3884.051
Governing Body
3884.052
Appointment of Directors
3884.053
Qualifications of Directors Appointed by City
3884.054
Vacancy
3884.055
Director’s Oath or Affirmation
3884.056
Officers
3884.057
Compensation
3884.058
Conflicts of Interest
3884.101
General Powers and Duties
3884.102
Improvement Projects
3884.103
General Powers Regarding Contracts
3884.104
Rules
3884.105
Name Change
3884.106
Adding or Removing Territory
3884.107
Economic Development
3884.108
No Eminent Domain Power
3884.109
Terms of Employment
3884.110
Notice to Property Owners
3884.151
General Powers Regarding Financial Matters
3884.152
Borrowing Money
3884.153
Assessments
3884.154
Residential Property Exempt
3884.155
Maintenance and Operation Tax
3884.156
Use of Surplus Maintenance and Operation Money
3884.157
Bonds and Other Obligations
3884.158
Bond Maturity
3884.159
Taxes for Bonds and Other Obligations
3884.160
Development and Operating Agreement Required
3884.251
Dissolution by City Ordinance
3884.252
Collection of Assessments and Other Revenue
3884.253
Concurrence on Additional Powers
3884.254
Assumption of Assets and Liabilities
3884.301
Authority to Establish Defined Areas or Designated Property
3884.302
Procedure to Establish Defined Areas or Designated Property
3884.303
Tax or Bond Election
3884.304
Declaring Result
3884.305
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property
3884.306
Issuance of Bonds and Imposition of Taxes for Defined Area or Designated Property

Accessed:
Apr. 29, 2024

§ 3884.006’s source at texas​.gov