Sec. 3827.155. PETITION REQUIRED FOR FINANCING SERVICES AND IMPROVEMENTS. (a) The board may not finance a service or improvement project through an assessment under this chapter unless a written petition requesting that service or improvement has been filed with the board.
(b) The petition must be signed by:
(1) the owners of a majority of the assessed value of real property in the district that will be subject to the assessment according to the most recent certified tax appraisal roll for the county in which the property is located; or
(2) at least 25 owners of real property in the district that will be subject to the assessment, if more than 25 persons own real property in the district that will be subject to the assessment according to the most recent certified tax appraisal roll for the county in which the property is located.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3827 - Katy Towne Centre Development District
Subchapter D. Financial Provisions
Section 3827.151. Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees
Section 3827.152. Tax and Bond Elections
Section 3827.153. Maintenance and Operation Tax
Section 3827.154. Assessments; Liens for Assessments
Section 3827.155. Petition Required for Financing Services and Improvements
Section 3827.156. Utility Property Exempt From Impact Fees and Assessments
Section 3827.157. Tax Increment Reinvestment Zone; Powers; Eligibility