Tex. Gov't Code Section 2310.107
Designation Agreement

(a)

If the bank determines that a nominated area for which a designation application has been received satisfies the criteria under Section 2310.101 (Criteria for Readjustment Zone Designation), the bank shall negotiate with the nominating body for a designation agreement.

(b)

A designation agreement must:

(1)

designate the nominated area as a readjustment zone; and

(2)

designate the administrative authority, if one is to be appointed for the zone under Section 2310.202 (Administration by Administrative Authority), and describe its functions and duties, which should include decision-making authority and the authority to negotiate with affected entities.

(c)

The bank shall complete the negotiations and sign the agreement not later than the 60th day after the date on which the application is received unless the bank extends that period to the 90th day after the date on which the application was received.

(d)

If an agreement is not completed within the 60-day period provided by Subsection (c), the bank shall provide to the nominating body the specific areas of concern and a final proposal for the agreement.

(e)

If the agreement is not executed before the 91st day after the date on which the application was received, the application is considered to be denied.
Added by Acts 1997, 75th Leg., ch. 114, Sec. 1, eff. May 19, 1997. Amended by Acts 2003, 78th Leg., ch. 814, Sec. 3.35, eff. Sept. 1, 2003.

Source: Section 2310.107 — Designation Agreement, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­2310.­htm#2310.­107 (accessed May 11, 2024).

2310.001
Definitions 2310.002
Jurisdiction of Municipality 2310.051
General Powers and Duties 2310.052
Evaluation 2310.053
Assistance 2310.054
Coordination with Other Governmental Entities 2310.101
Criteria for Readjustment Zone Designation 2310.102
Adversely Affected Defense-dependent Community 2310.103
Nomination of Readjustment Zone 2310.104
Nominating Ordinance or Order 2310.105
Application for Designation 2310.106
Review of Application 2310.107
Designation Agreement 2310.108
Denial of Application 2310.109
Period of Designation 2310.110
Amending Boundaries 2310.111
Removal of Designation 2310.201
Administration by Governing Body 2310.202
Administration by Administrative Authority 2310.203
Liaison 2310.204
Annual Report 2310.301
Definition 2310.302
Qualified Business 2310.303
Prohibition on Qualified Business Certification 2310.304
Request for Application for Defense Readjustment Project Designation 2310.305
Application for Defense Readjustment Project Designation 2310.306
Defense Readjustment Project Designation 2310.307
Allocation of Jobs Eligible for Tax Refund 2310.308
Duration of Certain Designations 2310.401
Exemptions from State Regulation 2310.402
Review of State Agency Rules 2310.403
State Preferences 2310.404
State Tax Refunds and Credits 2310.405
Local Sales and Use Tax Refunds 2310.406
Reduction or Elimination of Local Fees or Taxes 2310.407
Tax Increment Financing and Abatement 2310.408
Development Bonds 2310.409
Other Local Incentives 2310.410
Disposition of Public Property in Readjustment Zone 2310.411
Waiver of Performance Bond 2310.412
Liability of Contractor or Architect 2310.413
Monitoring Defense Readjustment Project Commitments
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Accessed:
May 11, 2024

§ 2310.107’s source at texas​.gov