Tex. Spec. Dist. Local Laws Code Section 3972.0703
Written Agreement Regarding Special Appraisals

Before the district may issue bonds, the district and any person to whom the board intends that proceeds of the bonds be distributed, including the developer, another owner of land in the district, and any entity acting as a lender to the developer or other landowner for the purpose of a project relating to the district, must enter into a written agreement that:

(1)

waives for the term of the agreement the right to a special appraisal with respect to taxation by the district under Subchapters B, C, D, E, F, and H, Chapter 23 (Appraisal Methods and Procedures), Tax Code; and

(2)

remains in effect for 30 years and is binding on the parties, on entities related to or affiliated with the parties, and on their successors and assignees.
Added by Acts 2019, 86th Leg., R.S., Ch. 1010 (H.B. 4730), Sec. 1, eff. January 1, 2020.

Source: Section 3972.0703 — Written Agreement Regarding Special Appraisals, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3972.­htm#3972.­0703 (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
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Accessed:
Jun. 5, 2024

§ 3972.0703’s source at texas​.gov