EXERCISE OF URBAN RENEWAL PROJECT POWERS

(a) A municipality may exercise urban renewal project powers through a board or through municipal officers selected by the governing body of the municipality by resolution. The municipality may exercise those powers through an urban renewal agency created under this subchapter if the governing body by resolution determines that the creation of an urban renewal agency is in the public interest. An urban renewal agency created under this subchapter may exercise all the urban renewal project powers of the municipality. (b) In this section, "urban renewal project powers" includes the rights, powers, functions, and duties of a municipality under this chapter. The term does not include the power to: (1) determine an area as a slum area, blighted area, or both and to designate that area as appropriate for an urban renewal project; (2) approve and amend urban renewal plans and hold public hearings relating to those plans; (3) establish a general plan for the locality as a whole; (4) establish a workable program under Section 374.013; (5) make determinations and findings under Section 374.011(a), 374.013(b), or 374.014(d); (6) issue general obligation bonds; and (7) appropriate funds, levy taxes and assessments, and exercise other functions under Subdivisions (11) and (12) of Section 374.015(a).