Sec. 3846.254. PRELIMINARY FINANCING PLAN REQUIRED. Before designating a development zone, the board must prepare a preliminary financing plan for the zone that includes:
(1) estimated project costs, including administrative expenses;
(2) a description of the kind, number, and location of all proposed improvement projects in the zone;
(3) the estimated amount of:
(A) bonded indebtedness to be incurred; or
(B) the financial obligation of any other contractual obligation to be incurred;
(4) a description of the methods of financing and expected sources of revenue to pay for the costs of proposed improvement projects; and
(5) the projected duration of the zone.
Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 21.036, eff. September 1, 2009.
Section: Previous 3846.163 3846.164 3846.201 3846.202 3846.251 3846.252 3846.253 3846.254 3846.255 3846.256 3846.257 3846.258 3846.259 3846.260 3846.261 NextLast modified: September 28, 2016