Texas Special District Local Laws Code 3868.202 – Development Agreement
Current as of: 2024 | Check for updates
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Terms Used In Texas Special District Local Laws Code 3868.202
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
Before the district borrows money or issues an obligation under § 3868.201, the town must provide written notice to the district that no party to the development agreement is in default as of the date the district is authorized to borrow the money or enter the obligation.