Sec. 3846.253. DEVELOPMENT ZONES AUTHORIZED. The board, on its own motion or on receipt of a petition signed by the owners of all real property in a defined area of the district consisting of one tract of land containing at least 25 contiguous acres and any additional smaller or larger tracts, as appropriate, by resolution may create, designate, describe, assign a name to, and appoint the governing body for a development zone in the district to promote development or redevelopment of the area, if the board finds that the creation of the zone will further the public purposes of:
(1) the development and diversification of the economy of the district and the state;
(2) the elimination of unemployment or underemployment in the district and the state;
(3) the development or expansion of transportation or commerce in the district and the state; or
(4) the promotion and stimulation of business, commercial, and economic activity in the district and the state.
Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 21.036, eff. September 1, 2009.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1247 (S.B. 2453), Sec. 5(b), eff. September 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3846 - East Montgomery County Improvement District
Subchapter F. Economic Development Zones
Section 3846.252. Nature of Development Zone
Section 3846.253. Development Zones Authorized
Section 3846.254. Preliminary Financing Plan Required
Section 3846.255. Restriction on Development Zone in Residential Area
Section 3846.256. Resolution Required
Section 3846.257. Confirmation Election Required
Section 3846.258. Development Zone Governing Body
Section 3846.259. Organizational Meeting of Development Zone Governing Body; Officers
Section 3846.260. Development Zone Boundaries
Section 3846.261. Project Plan and Development Zone Financing Plan Required
Section 3846.262. Financing and Implementation of Development Zone Project Plan
Section 3846.263. Agreements to Implement Plans