Tex. Special District Local Laws Code § 3869.006
ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 3869.006, ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/595479
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Full text
(a) All or any part of the area of the district is eligible to be included in:
(1) a tax increment reinvestment zone created by the city under Chapter 311, Tax Code;
(2) a tax abatement reinvestment zone created by the city under Chapter 312, Tax Code; or
(3) an enterprise zone created by the city under Chapter 2303, Government Code.
(b) If the city creates a tax increment reinvestment zone described by Subsection (a), the district may accept and use money deposited in the tax increment fund, in accordance with a contract between the city and the district, for a purpose Section 380.002(b), Local Government Code, authorizes for a corporation. The district may pledge the money granted as security for bonds issued by the district for an improvement project.