Tex. Spec. Dist. Local Laws Code Section 3976.0703
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. 1253 (H.B. 4637), Sec. 1, eff. September 1, 2019.

Source: Section 3976.0703 — Written Agreement Regarding Special Appraisals, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3976.­htm#3976.­0703 (accessed Mar. 23, 2024).

3976.0101
Definitions
3976.0102
Creation and Nature of District
3976.0103
Purpose
3976.0104
Findings of Benefit and Public Purpose
3976.0105
District Territory
3976.0106
Applicability of Municipal Management Districts Law
3976.0107
Construction of Chapter
3976.0108
Conflicts of Law
3976.0109
Consent of Municipality Required
3976.0201
Governing Body
3976.0202
Appointment and Removal of Director Appointed by City
3976.0203
Appointment by Commission
3976.0204
Vacancy
3976.0207
Compensation
3976.0208
Initial Directors
3976.0301
General Powers and Duties
3976.0302
Improvement Projects and Services
3976.0303
Location of Improvement Project
3976.0306
Adding or Removing Territory
3976.0307
No Eminent Domain Power
3976.0401
Disbursements and Transfers of Money
3976.0402
Money Used for Improvements or Services
3976.0403
Method of Notice for Hearing
3976.0404
Assessments
3976.0405
Notice of Assessments
3976.0503
Tax Election Required
3976.0504
Operation and Maintenance Tax
3976.0505
Authority to Borrow Money and to Issue Bonds and Other Obligations
3976.0506
Bonds Secured by Revenue or Contract Payments
3976.0507
Bonds Secured by Ad Valorem Taxes
3976.0601
Dissolution by City Ordinance
3976.0602
Collection of Assessments and Other Revenue
3976.0603
Assumption of Assets and Liabilities
3976.0701
Applicability
3976.0702
Conflict of Laws
3976.0703
Written Agreement Regarding Special Appraisals
3976.0704
Requirements for Advertising Bond Issue
3976.0705
Requirements for Bond Issue
3976.0706
Requirements for Collection of Revenue to Pay Bonds

Accessed:
Mar. 23, 2024

§ 3976.0703’s source at texas​.gov