Sec. 3974.0405. POWERS SUBJECT TO DEVELOPMENT AND OPERATING AGREEMENT. In addition to the other limitations provided by this chapter, the district's authority to exercise its powers is subject to the terms of the development and operating agreement required under Section 3974.0109, including the district's authority to:
(1) acquire, construct, or finance an improvement project or service under Section 3974.0502; and
(2) issue bonds, notes, certificates of participation, or other obligations under Section 3974.0601.
Added by Acts 2019, 86th Leg., R.S., Ch. 1013 (H.B. 4744), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3974 - Wright Farm Municipal Management District of Johnson County
Subchapter D. Division of District Into Multiple Districts
Section 3974.0401. Division of District; Prerequisites
Section 3974.0402. Law Applicable to New District
Section 3974.0403. Division Procedures
Section 3974.0404. Contract Authority of New Districts
Section 3974.0405. Powers Subject to Development and Operating Agreement