Sec. 3926.008. DEVELOPMENT AND OPERATING AGREEMENT EXECUTION REQUIRED. (a) The initial directors may not hold an election under Section 3926.007 until the city has entered into a development and operating agreement under Section 3926.156.
(b) The district is dissolved and this chapter expires March 1, 2018, if the development and operating agreement is not entered into before that date.
Added by Acts 2015, 84th Leg., R.S., Ch. 977 (H.B. 3603), Sec. 1, eff. September 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3926 - Joshua Farms Municipal Management District No. 1
Subchapter A. General Provisions
Section 3926.002. Creation and Nature of District
Section 3926.003. Purpose; Legislative Findings
Section 3926.004. Findings of Benefit and Public Purpose
Section 3926.005. Initial District Territory
Section 3926.006. Eligibility for Inclusion in Special Zones
Section 3926.007. Confirmation and Directors' Election Required
Section 3926.008. Development and Operating Agreement Execution Required
Section 3926.009. Applicability of Municipal Management District Law
Section 3926.010. Construction of Chapter