PROJECT DEVELOPMENT AGREEMENT REQUIRED TO IMPOSE TAXES OR BORROW MONEY, INCLUDING BONDS.

Tex. SPEC. DIST. LOCAL LAWS Code § 3900.208.
in effect
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Before the district may issue bonds, impose taxes, impose assessments, or borrow money, the district and the city must negotiate and execute a mutually approved and accepted project development agreement regarding the development plans and rules for: (1) the development and operation of the district; and (2) the financing of improvement projects. Added by Acts 2011, 82nd Leg., R.S., Ch. 856 (H.B. 3831 ), Sec. 1, eff. September 1, 2011.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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