Texas Agriculture Code
§ 60.106 — TAX INCREMENT FINANCING
AG § 60.106Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 60. TEXAS AGRICULTURAL DEVELOPMENT DISTRICTS · Art. E. FINANCES; BONDS
Statute text
View on source(a)A district may use tax increment financing under Chapter 311, Tax Code, in the manner provided by that chapter for a municipality and as modified by this section.
(b)A county commissioners court may establish a reinvestment zone including property located in the district and enter into a contract with the directors of the district on terms mutually acceptable to the two entities to allow the district to use tax increment financing as provided by Chapter 311, Tax Code.
(c)Property within the corporate limits of a municipality is not eligible for tax increment financing under this section.
(d)Before using tax increment financing, a district must:
(1)obtain the approval of the county commissioners court that issued the district's creation order; and
(2)comply with Section 311.003, Tax Code, as that section applies to a municipality.
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Legislative history
Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.