Sec. 7987.107. DEVELOPMENT AND OPERATING AGREEMENT REQUIRED. After the district's board is organized, but before the district may undertake any improvement project, impose taxes or fees, or issue bonds or otherwise borrow money, the district must become a party to and assume all applicable obligations, requirements, and limitations in the development agreement entered into between the city and the owner or owners of a majority of land in the district, including any limitation imposed by the city.
Added by Acts 2017, 85th Leg., R.S., Ch. 797 (H.B. 2912), Sec. 1, eff. September 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 7987 - New Fairview Municipal Utility District No. 1
Subchapter C. Powers and Duties
Section 7987.101. General Powers and Duties
Section 7987.102. Municipal Utility District Powers and Duties
Section 7987.103. Authority for Road Projects
Section 7987.104. Road Standards and Requirements
Section 7987.105. Compliance With Municipal Consent Ordinance or Resolution
Section 7987.106. City Requirements
Section 7987.107. Development and Operating Agreement Required