Tex. Spec. Dist. Local Laws Code Section 3972.0106
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.

(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 2019, 86th Leg., R.S., Ch. 1010 (H.B. 4730), Sec. 1, eff. January 1, 2020.

Source: Section 3972.0106 — Eligibility for Inclusion in Special Zones, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3972.­htm#3972.­0106 (accessed Jun. 5, 2024).

3972.0101
Definitions
3972.0102
Creation and Nature of District
3972.0103
Purpose
3972.0104
Findings of Benefit and Public Use
3972.0105
Initial District Territory
3972.0106
Eligibility for Inclusion in Special Zones
3972.0107
Applicability of Municipal Management District Law
3972.0108
Enforceability of Municipal Consent Agreement
3972.0109
Consent of Municipality and Entitlement Agreement Required
3972.0110
Construction of Chapter
3972.0201
Governing Body
3972.0202
Qualifications of Directors
3972.0203
Appointment of Directors
3972.0204
Vacancy
3972.0205
Officers
3972.0206
Compensation
3972.0207
Liability Insurance
3972.0208
No Executive Committee
3972.0209
Board Meetings
3972.0210
Initial Directors
3972.0301
General Powers and Duties
3972.0302
Improvement Projects and Services
3972.0303
Improvement Project and Service in Definable Area
3972.0304
Economic Development Programs
3972.0305
Parking Facilities
3972.0306
Adding or Removing Territory
3972.0307
No Eminent Domain Power
3972.0401
Division of District
3972.0402
Law Applicable to New District
3972.0403
Division Procedures
3972.0404
Contract Authority of New Districts
3972.0501
Disbursements and Transfers of Money
3972.0502
Tax and Assessment Abatements
3972.0601
Bonds and Other Obligations
3972.0602
Operation and Maintenance Tax
3972.0603
Taxes for Bonds and Other Obligations
3972.0701
Applicability
3972.0702
Conflict of Laws
3972.0703
Written Agreement Regarding Special Appraisals
3972.0704
Requirements for Advertising Bond Issue
3972.0705
Requirements for Bond Issue
3972.0706
Requirements for Collection of Revenue to Pay Bonds
3972.0901
Dissolution by City

Accessed:
Jun. 5, 2024

§ 3972.0106’s source at texas​.gov