Texas § 7953.007 ELIGIBILITY FOR INCLUSION IN TAX INCREMENT REINVESTMENT ZONE.

Texas Statutes

§ 7953.007 — ELIGIBILITY FOR INCLUSION IN TAX INCREMENT REINVESTMENT ZONE.

Texas § 7953.007

Code SDSpecial District Local Laws Code

This text of Texas § 7953.007 (ELIGIBILITY FOR INCLUSION IN TAX INCREMENT REINVESTMENT ZONE.) 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. § 7953.007 (2026).

Text

Sec. 7953.007. ELIGIBILITY FOR INCLUSION IN TAX INCREMENT REINVESTMENT ZONE.

(a)The district is eligible to be included in a tax increment reinvestment zone created under Chapter 311 , Tax Code.

(b)If the City of Conroe has created or creates a tax increment reinvestment zone described by Subsection (a) that includes all or part of the territory of the district, the City of Conroe and the board of directors of the zone or a developer of property within the tax increment reinvestment zone that receives or will receive money from the tax increment fund, by contract with the district, may grant money to the district from the tax increment fund to be used for a permissible purpose of the district, including:

(1)the right to pledge the money as security for a bond or other obligation issued

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Sec. 7953.007. ELIGIBILITY FOR INCLUSION IN TAX INCREMENT REINVESTMENT ZONE. (a) The district is eligible to be included in a tax increment reinvestment zone created under Chapter 311 , Tax Code.
(b) If the City of Conroe has created or creates a tax increment reinvestment zone described by Subsection (a) that includes all or part of the territory of the district, the City of Conroe and the board of directors of the zone or a developer of property within the tax increment reinvestment zone that receives or will receive money from the tax increment fund, by contract with the district, may grant money to the district from the tax increment fund to be used for a permissible purpose of the district, including:
(1) the right to pledge the money as security for a bond or other obligation issued by the district; and
(2) any permissible purpose of a corporation under Section 380.002 (b), Local Government Code.
SUBCHAPTER B. BOARD OF DIRECTORS