Tex. Spec. Dist. Local Laws Code Section 8434.007
Eligibility for Inclusion in Tax Increment Reinvestment Zone

(a)

The district is eligible to be included in a tax increment reinvestment zone created under Chapter 311 (Tax Increment Financing Act), Tax Code.

(b)

If the City of Martindale creates a tax increment reinvestment zone described by Subsection (a) that includes all or part of the territory of the district, the City of Martindale and the board of directors of the zone, by contract with the district, may grant money to the district from the tax increment fund to be used for a permissible purpose of the district, including the right to pledge the money as security for a bond or other obligation issued by the district and for any permissible purpose of a corporation under Section 380.002 (Economic Development Grants by Certain Municipalities)(b), Local Government Code.
Added by Acts 2013, 83rd Leg., R.S., Ch. 623 (S.B. 1838), Sec. 1, eff. June 14, 2013.

Source: Section 8434.007 — Eligibility for Inclusion in Tax Increment Reinvestment Zone, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­8434.­htm#8434.­007 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 8434.007’s source at texas​.gov