Tex. Government Code § 2310.111
REMOVAL OF DESIGNATION
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 2310.111, REMOVAL OF DESIGNATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/664508
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Full text
(a) The bank may remove the designation of an area as a readjustment zone if:
(1) the area no longer meets the criteria for designation under this chapter or by rule of the office adopted under this chapter; or
(2) the bank determines that the governing body of the readjustment zone has not complied with commitments made in the ordinance or order nominating the area as a readjustment zone.
(b) The removal of a designation does not affect the validity of a tax incentive or regulatory relief granted or accrued before the removal.