Texas § 386.301 DISSOLUTION OF DEVELOPMENT ZONE BY CREATING BODY.

Texas Statutes

§ 386.301 — DISSOLUTION OF DEVELOPMENT ZONE BY CREATING BODY.

Texas § 386.301

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 386.301 (2026).

Text

Sec. 386.301. DISSOLUTION OF DEVELOPMENT ZONE BY CREATING BODY.

(a)After a hearing, a creating body may dissolve a development zone if:

(1)the area no longer meets the criteria for designation under this chapter;

(2)the best interests of the creating body and the owners of property and interests in property in the zone will be served by dissolving the zone; and

(3)each creating body agrees by ordinance or order on the:

(A)proposition that the zone should be dissolved;

(B)disposition of zone assets; and

(C)assumption of liabilities by the creating bodies.

(b)The dissolution of a development zone does not affect the validity of a:

(1)tax incentive or regulatory relief granted or accrued before the removal; or

(2)bond issued under this chapter.

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Sec. 386.301. DISSOLUTION OF DEVELOPMENT ZONE BY CREATING BODY. (a) After a hearing, a creating body may dissolve a development zone if:
(1) the area no longer meets the criteria for designation under this chapter;
(2) the best interests of the creating body and the owners of property and interests in property in the zone will be served by dissolving the zone; and
(3) each creating body agrees by ordinance or order on the:
(A) proposition that the zone should be dissolved;
(B) disposition of zone assets; and
(C) assumption of liabilities by the creating bodies.
(b) The dissolution of a development zone does not affect the validity of a:
(1) tax incentive or regulatory relief granted or accrued before the removal; or
(2) bond issued under this chapter.