Tex. Spec. Dist. Local Laws Code Section 3885.006
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 under Chapter 311 (Tax Increment Financing Act), Tax Code;

(2)

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

(3)

an enterprise zone created under Chapter 2303 (Enterprise Zones), Government Code; or

(4)

an industrial district created under Chapter 42 (Extraterritorial Jurisdiction of Municipalities), Local 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:

(1)

the purposes permitted for money granted to a corporation under Section 380.002 (Economic Development Grants by Certain Municipalities)(b), Local Government Code; and

(2)

any other district purpose, including the right to pledge the money as security for any bonds or other obligations issued by the district under Section 3885.253 (Borrowing Money; Obligations).

(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), Tax Code.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.

Source: Section 3885.006 — Eligibility for Inclusion in Special Zones, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3885.­htm#3885.­006 (accessed Jun. 5, 2024).

3885.001
Definitions
3885.002
Creation and Nature of District
3885.003
Purpose
3885.004
Findings of Benefit and Public Purpose
3885.005
Initial District Territory
3885.006
Eligibility for Inclusion in Special Zones
3885.007
Applicability of Municipal Management District Law
3885.008
Liberal Construction of Chapter
3885.051
Governing Body
3885.052
Qualifications of Director
3885.053
Vacancy
3885.054
Director’s Oath or Affirmation
3885.055
Officers
3885.056
Compensation
3885.057
Liability Insurance
3885.058
Board Meetings
3885.101
General Powers and Duties
3885.102
Improvement Projects
3885.103
Water District Powers
3885.104
Road District Powers
3885.105
Public Improvement District Powers
3885.106
Contract Powers
3885.107
Emergency Services
3885.108
Amendment of Development Agreement
3885.109
Economic Development
3885.110
No Eminent Domain Power
3885.111
No Toll Roads
3885.151
Improvement Projects and Services
3885.152
Board Determination Required
3885.153
Location of Improvement Project
3885.154
City Requirements
3885.155
Improvement Project and Service in Definable Area
3885.156
Contracts
3885.201
Division of District
3885.202
Law Applicable to New District
3885.203
Division Procedures
3885.204
Notice and Recording of Order
3885.205
Contract Authority of New Districts
3885.251
Disbursements and Transfers of Money
3885.252
Money Used for Improvements or Services
3885.253
Borrowing Money
3885.254
Development Agreement
3885.255
Assessments
3885.256
Notice of Assessments
3885.257
Residential Property Not Exempt
3885.258
No Impact Fees
3885.259
No Ad Valorem Tax
3885.301
Dissolution by City
3885.302
Collection of Assessments and Other Revenue
3885.303
Assumption of Assets and Liabilities

Accessed:
Jun. 5, 2024

§ 3885.006’s source at texas​.gov