Texas § 3884.160 DEVELOPMENT AND OPERATING AGREEMENT REQUIRED.

Texas Statutes

§ 3884.160 — DEVELOPMENT AND OPERATING AGREEMENT REQUIRED.

Texas § 3884.160

Code SDSpecial District Local Laws Code

This text of Texas § 3884.160 (DEVELOPMENT AND OPERATING AGREEMENT REQUIRED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Special District Local Laws Code Code Ann. § 3884.160 (2026).

Text

Sec. 3884.160. DEVELOPMENT AND OPERATING AGREEMENT REQUIRED.

(a)After the district's board is organized, but before the district may undertake any improvement project, issue bonds, impose taxes, levy assessments or fees, or borrow money, the district and the city must negotiate and execute a mutually approved and accepted development and operating agreement, including any limitations imposed by the city, regarding the plans and rules for:

(1)the exercise of the powers granted to the district under this chapter, including the organization, development, and operation of the district;

(2)the selection and description of improvement projects that may be undertaken and financed by the district and the ownership, operation, and maintenance of those projects;

(3)the terms, conditions, methods

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 3884.160. DEVELOPMENT AND OPERATING AGREEMENT REQUIRED. (a) After the district's board is organized, but before the district may undertake any improvement project, issue bonds, impose taxes, levy assessments or fees, or borrow money, the district and the city must negotiate and execute a mutually approved and accepted development and operating agreement, including any limitations imposed by the city, regarding the plans and rules for:
(1) the exercise of the powers granted to the district under this chapter, including the organization, development, and operation of the district;
(2) the selection and description of improvement projects that may be undertaken and financed by the district and the ownership, operation, and maintenance of those projects;
(3) the terms, conditions, methods, means, and amounts of financing authorized by this chapter that the district may use in providing improvement projects; and
(4) the amounts, methods, and times of reimbursement to the city for costs and expenses, if any, incurred by the city with respect to the development and operation of the district and the financing of improvement projects by the district.
(b) An agreement authorized by this section is not effective until its terms and execution are approved by the board and the governing body of the city by resolution.
SUBCHAPTER E. DISSOLUTION