(a) The governing body of a school district shall, not later than the 30th day after the date the district receives an application sent to the district by the comptroller under § 403.609, consider the application and by official action determine whether the district is agreeable to entering into the agreement that is the subject of the application.
(b) The governing body of the school district shall hold a public hearing on the application during the period described by Subsection (a).

(c) The governing body of the school district must provide notice of the public hearing in the manner required by Chapter 551, except that the district must provide the notice not later than the 15th day before the date of the hearing. The notice must contain:
(1) the name of the applicant;
(2) the name and location of the existing or proposed reinvestment zone or enterprise zone in which the eligible project that is the subject of the application is proposed to be located;
(3) a general description of the proposed eligible project; and
(4) the projected investment the applicant will make in the project.
(d) The governing body of the school district shall provide written notice of the district’s determination under Subsection (a) to the comptroller, the governor, and the applicant.