Texas Statutes (Last Updated: January 4, 2014) |
TAX CODE |
Title 3. LOCAL TAXATION |
Subtitle B. SPECIAL PROPERTY TAX PROVISIONS |
Chapter 312. PROPERTY REDEVELOPMENT AND TAX ABATEMENT ACT |
Subchapter B. TAX ABATEMENT IN MUNICIPAL REINVESTMENT ZONE |
Sec. 312.207. APPROVAL BY GOVERNING BODY
Latest version.
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(a) To be effective, an agreement made under this subchapter must be approved by the affirmative vote of a majority of the members of the governing body of the municipality or other taxing unit at a regularly scheduled meeting of the governing body.
(b) On approval by the governing body, an agreement may be executed in the same manner as other contracts made by the municipality or other taxing unit.
Added by Acts 1987, 70th Leg., ch. 191, Sec. 1, eff. Sept. 1, 1987.