Section 3981.0109 - City Consent; Operating Agreement and Project Agreement Required(a) Except as provided in Subsection (c), before the district may exercise any powers under this chapter:(1) the city must adopt an ordinance or resolution consenting to the creation of the district and to the inclusion of land in the district;(2) the city and the district must negotiate and execute a mutually approved and accepted operating agreement; and(3) the city and each developer of property in the district must negotiate and execute a project agreement.(b) This chapter expires December 31, 2020, if:(1) the city and the district have not executed the operating agreement required by Subsection (a)(2); or(2) the city and each developer of property in the district have not executed a project agreement as required by Subsection (a)(3).(c) The board has the powers necessary, convenient, or desirable to negotiate and execute a mutually approved and accepted operating agreement.Tex. Spec. Dist. Loc. Laws § 3981.0109
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 1266,Sec. 1, eff. 6/14/2019.