Texas Special District Local Laws Code 3985.0507 – Consent of Municipality and Agreement Required
Current as of: 2024 | Check for updates
|
Other versions
(a) The board may not issue bonds until each municipality in whose corporate limits or extraterritorial jurisdiction the district is located has consented by ordinance or resolution to the creation of the district and to the inclusion of land in the district.
(b) Subsection (a) applies only to the district’s first issuance of bonds payable from ad valorem taxes.
Terms Used In Texas Special District Local Laws Code 3985.0507
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Property: means real and personal property. See Texas Government Code 311.005
(c) The board may not impose taxes or assessments, borrow money, or issue obligations until the district and the city have entered into an agreement for the development of the property in the district and financing of improvement projects in the district.