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

Tex. SPEC. DIST. LOCAL LAWS Code § 3911.251.
in effect
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Before the district may issue bonds, impose taxes or assessments, or borrow money, the district and the city must negotiate and execute a 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. 587 (H.B. 3852 ), Sec. 1, eff. June 17, 2011.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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