Texas § 7987.107 DEVELOPMENT AND OPERATING AGREEMENT REQUIRED.

Texas Statutes

§ 7987.107 — DEVELOPMENT AND OPERATING AGREEMENT REQUIRED.

Texas § 7987.107

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 7987.107 (2026).

Text

Sec. 7987.107. DEVELOPMENT AND OPERATING AGREEMENT REQUIRED. After the district's board is organized, but before the district may undertake any improvement project, impose taxes or fees, or issue bonds or otherwise borrow money, the district must become a party to and assume all applicable obligations, requirements, and limitations in the development agreement entered into between the city and the owner or owners of a majority of land in the district, including any limitation imposed by the city.
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

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Sec. 7987.107. DEVELOPMENT AND OPERATING AGREEMENT REQUIRED. After the district's board is organized, but before the district may undertake any improvement project, impose taxes or fees, or issue bonds or otherwise borrow money, the district must become a party to and assume all applicable obligations, requirements, and limitations in the development agreement entered into between the city and the owner or owners of a majority of land in the district, including any limitation imposed by the city.
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS