Tex. Spec. Dist. Local Laws Code Section 3953.006
Eligibility for Inclusion in Special Zones

(a)

All or any part of the area of the district is eligible to be included in:

(1)

a tax increment reinvestment zone created under Chapter 311 (Tax Increment Financing Act), Tax Code;

(2)

a tax abatement reinvestment zone created under Chapter 312 (Property Redevelopment and Tax Abatement Act), Tax Code;

(3)

an enterprise zone created under Chapter 2303 (Enterprise Zones), Government Code; or

(4)

an industrial district created under Chapter 42 (Extraterritorial Jurisdiction of Municipalities), Local Government Code.

(b)

If the city creates a tax increment reinvestment zone described by Subsection (a), the city and the board of directors of the zone, by contract with the district, may grant money deposited in the tax increment fund to the district to be used by the district for the purposes permitted for money granted to a corporation under Section 380.002 (Economic Development Grants by Certain Municipalities)(b), Local Government Code, including the right to pledge the money as security for any bonds issued by the district for an improvement project. A project may not receive public funds under Section 380.002 (Economic Development Grants by Certain Municipalities)(b), Local Government Code, unless the project has been approved by the governing body of the city.
Added by Acts 2017, 85th Leg., R.S., Ch. 630 (H.B. 4297), Sec. 1, eff. June 12, 2017.

Source: Section 3953.006 — Eligibility for Inclusion in Special Zones, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3953.­htm#3953.­006 (accessed May 18, 2024).

3953.001
Definitions 3953.002
Nature of District 3953.003
Purpose 3953.004
Findings of Benefit and Public Purpose 3953.005
Initial District Territory 3953.006
Eligibility for Inclusion in Special Zones 3953.007
Applicability of Municipal Management Districts Law 3953.008
Construction of Chapter 3953.051
Governing Body 3953.052
Appointment of Voting Directors 3953.053
Nonvoting Directors 3953.054
Removal of Directors 3953.055
Quorum 3953.101
General Powers and Duties 3953.102
Improvement Projects and Services 3953.103
Location of Improvement Project 3953.104
Public Improvement District Powers 3953.105
Municipal Management District Powers 3953.106
Development Corporation Powers 3953.107
Nonprofit Corporation 3953.108
Agreements 3953.109
Law Enforcement Services 3953.110
Membership in Charitable Organizations 3953.111
Economic Development 3953.112
Parking Facilities 3953.113
Annexation or Exclusion of Land 3953.114
Approval by City 3953.115
Concurrence on Additional Powers 3953.116
No Eminent Domain Power 3953.151
Disbursements and Transfers of Money 3953.152
Money Used for Improvements or Services 3953.153
Petition Required for Financing Services and Improvements with Assessments 3953.154
Assessments 3953.155
Residential Property Not Exempt 3953.156
Tax and Assessment Abatements 3953.201
Tax Abatement 3953.202
Elections Regarding Taxes and Bonds 3953.203
Operation and Maintenance Tax 3953.204
Contract Taxes 3953.205
Authority to Borrow Money and to Issue Bonds and Other Obligations 3953.206
Taxes for Bonds 3953.251
Dissolution by City Ordinance 3953.252
Collection of Assessments and Other Revenue 3953.253
Assumption of Assets and Liabilities
Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 3953.006’s source at texas​.gov