Sec. 3935.112. APPROVAL BY CITY. (a) Except as provided by Subsection (c), the district must obtain the approval of the city for:
(1) the issuance of bonds;
(2) the plans and specifications of an improvement project financed by bonds; and
(3) the plans and specifications of an improvement project related to the use of land owned by the city, an easement granted by the city, or a right-of-way of a street, road, or highway.
(b) The district may not issue bonds until the governing body of the city adopts a resolution or ordinance authorizing the issuance of the bonds.
(c) If the district obtains the approval of the city's governing body of a capital improvements budget for a period not to exceed 10 years, the district may finance the capital improvements and issue bonds specified in the budget without further approval from the city.
(d) The governing body of the city:
(1) is not required to adopt a resolution or ordinance to approve plans and specifications described by Subsection (a); and
(2) may establish an administrative process to approve plans and specifications described by Subsection (a) without the involvement of the governing body.
Added by Acts 2015, 84th Leg., R.S., Ch. 885 (H.B. 4180), Sec. 2, eff. June 18, 2015.
Last modified: September 28, 2016