AUTHORITY PLAN

(a) An authority may only develop or construct public improvements or eligible projects in areas designated in an authority plan approved by the board and the governing body of the municipality that created the authority. (b) The plan must include the information required for a municipal reinvestment zone under Sections 311.011(b) and (c), Tax Code, for the area of the authority. For the purposes of applying those sections, the area of the authority affected constitutes a zone. (c) The authority shall generate the plan based on the economic development needs of the property owners and constituents in the authority. (d) After approval by the board, the authority shall submit the plan to the municipality for approval. Before taking action to approve or reject the plan, the municipality shall make a copy of the proposed plan available to the public and hold hearings and publish notice of the hearings in the manner required by Section 375.305. The notice of the public hearings must state where a copy of the proposed plan is available for inspection. (e) The board may amend and submit the approved plan to the governing body of the municipality for approval. (f) Before approving the authority's plan or any amendment, the municipality shall publish notice and hold hearings as required by Subsection (d).