Sec. 3953.114. APPROVAL BY CITY. (a) Except as provided by Subsection (b), the district must obtain the approval of the city for:
(1) the issuance of bonds for an improvement project financed by the bonds if any part of the project is carried out in the corporate limits of the city; and
(2) the plans and specifications of the improvement project financed by the bonds.
(b) If the district obtains the approval of the city's governing body of a capital improvements budget for a period not to exceed five years, the district may finance the capital improvements and issue bonds specified in the budget without further approval from the city.
Added by Acts 2017, 85th Leg., R.S., Ch. 630 (H.B. 4297), Sec. 1, eff. June 12, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3953 - Telfair Tract 5 Commercial Management District
Subchapter C. Powers and Duties
Section 3953.101. General Powers and Duties
Section 3953.102. Improvement Projects and Services
Section 3953.103. Location of Improvement Project
Section 3953.104. Public Improvement District Powers
Section 3953.105. Municipal Management District Powers
Section 3953.106. Development Corporation Powers
Section 3953.107. Nonprofit Corporation
Section 3953.108. Agreements; Grants
Section 3953.109. Law Enforcement Services
Section 3953.110. Membership in Charitable Organizations
Section 3953.111. Economic Development
Section 3953.112. Parking Facilities
Section 3953.113. Annexation or Exclusion of Land
Section 3953.114. Approval by City