Sec. 374.032. TAX INCREMENT FUND. On approval of an urban renewal plan by the governing body of a municipality and on approval of tax increment financing as required by Section 374.031, the governing body by resolution shall establish a fund known as the tax increment fund.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 374 - Urban Renewal in Municipalities
Subchapter D. Tax Increment Financing for Urban Renewal Projects
Section 374.031. Election Required
Section 374.032. Tax Increment Fund
Section 374.033. Computation of Tax Increments
Section 374.034. Allocation of Tax Collections and Tax Increments; Tax Increment Fund
Section 374.035. Tax Increment Bonds