Tex. Spec. Dist. Local Laws Code Section 3894.161
Project Development Agreement Required to Impose Taxes or Borrow Money, Including Bonds


Before the district may issue bonds, impose taxes, or borrow money, the district and the city must negotiate and execute a mutually approved and accepted interlocal project development agreement regarding the development plans and rules for:

(1)

the development and operation of the district; and

(2)

the financing of improvement projects.
Added by Acts 2011, 82nd Leg., R.S., Ch. 880 (S.B. 234), Sec. 1, eff. June 17, 2011.

Source: Section 3894.161 — Project Development Agreement Required to Impose Taxes or Borrow Money, Including Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3894.­htm#3894.­161 (accessed Jun. 5, 2024).

3894.001
Definitions
3894.002
Creation and Nature of District
3894.003
Purpose
3894.004
Findings of Benefit and Public Purpose
3894.005
District Territory
3894.006
Eligibility for Reinvestment or Enterprise Zones
3894.007
Applicability of Municipal Management Districts Law
3894.008
Liberal Construction of Chapter
3894.051
Board of Directors
3894.052
Appointment of Directors
3894.053
Nonvoting Directors
3894.054
Conflicts of Interest
3894.055
Director’s Oath or Affirmation
3894.056
Officers
3894.057
Compensation of Directors
3894.059
Quorum
3894.101
General Powers and Duties
3894.102
Improvement Projects
3894.103
Development Corporation Powers
3894.104
General Powers Regarding Contracts
3894.105
Competitive Bidding
3894.106
Economic Development
3894.107
Rules
3894.108
Name Change
3894.109
Adding or Removing Territory
3894.110
No Eminent Domain Power
3894.111
No Toll Roads
3894.112
District Employees
3894.151
General Powers Regarding Financial Matters
3894.152
Borrowing Money
3894.153
Impact Fees and Assessments
3894.154
Certain Residential Property Not Exempt
3894.155
Maintenance and Operation Tax
3894.156
Use of Surplus Maintenance and Operation Money
3894.157
Bond Issuance Plan Required Before Issuing Bonds
3894.158
Bonds and Other Obligations
3894.159
Bond Maturity
3894.160
Taxes for Bonds and Other Obligations
3894.161
Project Development Agreement Required to Impose Taxes or Borrow Money, Including Bonds
3894.162
City Not Required to Pay District Obligations
3894.201
Dissolution by City Ordinance
3894.202
Collection of Assessments and Other Revenue
3894.203
Assumption of Assets and Liabilities

Accessed:
Jun. 5, 2024

§ 3894.161’s source at texas​.gov