Tex. Spec. Dist. Local Laws Code Section 3887.006
Eligibility for Inclusion in Special Zones

(a)

If all or any part of the district is annexed into a municipality, any part of the area of the district is eligible to be included in:

(1)

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

(2)

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

(3)

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

(b)

If a municipality creates a tax increment reinvestment zone described by Subsection (a), the municipality, 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.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.

Source: Section 3887.006 — Eligibility for Inclusion in Special Zones, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3887.­htm#3887.­006 (accessed May 4, 2024).

Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 3887.006’s source at texas​.gov