Tex. Special District Local Laws Code § 8342.004
CONSENT OF MUNICIPALITY AND DEVELOPMENT AGREEMENT REQUIRED
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 8342.004, CONSENT OF MUNICIPALITY AND DEVELOPMENT AGREEMENT REQUIRED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/615100
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Full text
(a) The temporary directors may not hold an election under Section 8342.003 until each municipality in whose corporate limits or extraterritorial jurisdiction the district is located has:
(1) consented by ordinance or resolution to the creation of the district; and
(2) entered into a development agreement with the majority owner of the assessed value of the real property in the district.
(b) If a development agreement required under Subsection (a)(2) has not been entered into before September 1, 2010:
(1) the district is dissolved September 1, 2010, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to Hood County; and
(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter expires September 1, 2013.