Texas § 460.607 AGREEMENT WITH COMPTROLLER.

Texas Statutes

§ 460.607 — AGREEMENT WITH COMPTROLLER.

Texas § 460.607

Code TNTransportation Code

This text of Texas § 460.607 (AGREEMENT WITH COMPTROLLER.) 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. Transportation Code Code Ann. § 460.607 (2026).

Text

Sec. 460.607. AGREEMENT WITH COMPTROLLER. Before pledging or otherwise committing money in the tax increment account under Section 460.606 , the governing body of a municipality must enter into an agreement under Subchapter E , Chapter 271 , Local Government Code, to authorize and direct the comptroller to:

(1)withhold from any payment to which the municipality may be entitled the amount of the payment due to the tax increment account;

(2)deposit that amount into the tax increment account; and

(3)continue withholding and making additional payments into the tax increment account until an amount sufficient to satisfy the amount due to the account has been met.

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Sec. 460.607. AGREEMENT WITH COMPTROLLER. Before pledging or otherwise committing money in the tax increment account under Section 460.606 , the governing body of a municipality must enter into an agreement under Subchapter E , Chapter 271 , Local Government Code, to authorize and direct the comptroller to:
(1) withhold from any payment to which the municipality may be entitled the amount of the payment due to the tax increment account;
(2) deposit that amount into the tax increment account; and
(3) continue withholding and making additional payments into the tax increment account until an amount sufficient to satisfy the amount due to the account has been met.