Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 4. DEVELOPMENT AND IMPROVEMENT |
Subtitle C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT |
Chapter 3833. ESPADA DEVELOPMENT DISTRICT |
Subchapter G. TAXES |
Sec. 3833.302. ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES
Latest version.
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(a) All or any part of the area of the district is eligible to be included in a tax increment reinvestment zone created by the city under Chapter 311, Tax Code.
(b) If the city includes all or part of the district in a tax increment reinvestment zone, the city may, for the area in the district, delegate to the district:
(1) all powers provided to the city under Chapter 311, Tax Code; or
(2) the power to enter into an interlocal agreement with an overlapping taxing unit for payment of all or a portion of the tax increment of the unit to the district.
Added by Acts 2005, 79th Leg., Ch. 468 , Sec. 1, eff. June 17, 2006.