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Section 3902.155. Development Agreement, Capital Improvement Plan, and Financial Plan Required

TX Spec Dist Code § 3902.155 (2019) (N/A)
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Sec. 3902.155. DEVELOPMENT AGREEMENT, CAPITAL IMPROVEMENT PLAN, AND FINANCIAL PLAN REQUIRED. The district may not undertake an improvement project or spend money for a project or service, including an economic development project or an expenditure for economic development incentives, unless the governing body of the city has approved:

(1) a development agreement; and

(2) a capital improvement plan and financial plan for the improvement project or expenditure.

Added by Acts 2011, 82nd Leg., R.S., Ch. 1195 (H.B. 3859), Sec. 1, eff. September 1, 2011.