Sec. 3897.251. PROJECT DEVELOPMENT AGREEMENT REQUIRED TO IMPOSE TAXES OR BORROW MONEY, INCLUDING BONDS. Before the district may issue bonds, impose taxes, or borrow money, the district and each municipality in which the district is located must negotiate and execute a project development agreement regarding the development plans and rules for:
(1) the development and operation of the district; and
(2) the financing of improvement projects.
Added by Acts 2011, 82nd Leg., R.S., Ch. 656 (S.B. 1184), Sec. 1, eff. June 17, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3897 - Timber Springs Municipal Management District
Subchapter D. General Financial Provisions
Section 3897.252. Elections Regarding Taxes and Bonds
Section 3897.253. Authority to Borrow Money and to Issue Bonds
Section 3897.255. Petition Required for Financing Services and Improvements With Assessments
Section 3897.256. Impact Fees; Exemption
Section 3897.257. Storm Water User Charges
Section 3897.258. Nonpotable Water User Charges