Sec. 2310.110. AMENDING BOUNDARIES. (a) The nominating body may amend the boundary of a readjustment zone by ordinance or order, as appropriate, adopted after a public hearing on the issue.
(b) The amended boundary:
(1) must be continuous;
(2) may not exceed the original size requirement of Section 2310.101; and
(3) may not exclude any qualified business designated as a defense readjustment project included within the boundary of the zone as designated.
(c) The readjustment zone with the amended boundary must continue to meet the location requirements of Section 2310.101(a)(4).
(d) A nominating body may not make more than one boundary amendment annually for a readjustment zone.
(e) For each amendment of a readjustment zone boundary, the nominating body shall pay the bank a reasonable fee, in an amount specified by the bank, not to exceed $500. The bank may use fees collected under this subsection to administer this chapter and for other purposes to advance this chapter.
Added by Acts 1997, 75th Leg., ch. 114, Sec. 1, eff. May 19, 1997. Amended by Acts 2003, 78th Leg., ch. 356, Sec. 1, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 814, Sec. 3.37, eff. Sept. 1, 2003.
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