Sec. 3911.002.  PRECONDITION; EXPIRATION.  (a)  In this section, "finance plan" means a finance plan between the city and the district that includes a general description of improvement projects that will be financed by the district, an estimate of the costs for the improvement projects, an estimate of the amount of the costs for the improvement projects that the district will pay directly or that will be reimbursed to the developer, and the means of financing costs related to the planning, design, construction, improvement, maintenance, and operation of the improvement projects.
(b)  The district may not exercise any powers under this chapter until the development agreement and finance plan are executed.
(c)  This chapter, including Section 3911.062, expires September 1, 2015, if the development agreement and finance plan are not executed by that date.
Added by Acts 2011, 82nd Leg., R.S., Ch. 587 (H.B. 3852), Sec. 1, eff. June 17, 2011.