Texas § 3846.254 PRELIMINARY FINANCING PLAN REQUIRED.

Texas Statutes

§ 3846.254 — PRELIMINARY FINANCING PLAN REQUIRED.

Texas § 3846.254

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 3846.254 (2026).

Text

Sec. 3846.254. PRELIMINARY FINANCING PLAN REQUIRED. Before designating a development zone, the board must prepare a preliminary financing plan for the zone that includes:

(1)estimated project costs, including administrative expenses;

(2)a description of the kind, number, and location of all proposed improvement projects in the zone;

(3)the estimated amount of:

(A)bonded indebtedness to be incurred; or

(B)the financial obligation of any other contractual obligation to be incurred;

(4)a description of the methods of financing and expected sources of revenue to pay for the costs of proposed improvement projects; and

(5)the projected duration of the zone.

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Sec. 3846.254. PRELIMINARY FINANCING PLAN REQUIRED. Before designating a development zone, the board must prepare a preliminary financing plan for the zone that includes:
(1) estimated project costs, including administrative expenses;
(2) a description of the kind, number, and location of all proposed improvement projects in the zone;
(3) the estimated amount of:
(A) bonded indebtedness to be incurred; or
(B) the financial obligation of any other contractual obligation to be incurred;
(4) a description of the methods of financing and expected sources of revenue to pay for the costs of proposed improvement projects; and
(5) the projected duration of the zone.