Tex. Special District Local Laws Code § 3980.0708
OPERATING AGREEMENT AND PROJECT AGREEMENT
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 3980.0708, OPERATING AGREEMENT AND PROJECT AGREEMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/600575
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Full text
(a) Except as provided by Subsection (b), before a new district created by division of the district may exercise any powers under this chapter:
(1) the new district must enter into:
(A) a joinder to the existing operating agreement between the city and the district; or
(B) a separate operating agreement with the city; and
(2) each developer of property in the new district must enter into:
(A) a joinder to an existing project agreement between the city and a developer of property in the district applicable to the territory in the new district; or
(B) a separate project agreement with the city.
(b) A new district created by division of the district has the powers necessary, convenient, or desirable to negotiate and execute an agreement described by Subsection (a).