Sec. 775.202.  AGREEMENT ON BOUNDARIES WITH PROPERTY OWNERS IN PLANNED COMMUNITY.  (a)  After a hearing, a district located wholly in a county with a population of 2.8 million or more may exclude territory by making changes in the district's boundaries in accordance with an agreement among the district and the owners of two-thirds or more in acreage and two-thirds or more in taxable value, according to the most recent certified county property tax rolls, of a defined area of territory of a planned community.
(b)  The agreement must be in writing and describe:
(1)  the affected territory by metes and bounds, including the changes in the boundaries to be made;
(2)  the amount of any compensation to be paid to the district under Section 775.205;
(3)  the effective date for the changes in boundaries; and
(4)  any other applicable terms.
Added by Acts 2007, 80th Leg., R.S., Ch. 828 (H.B. 492), Sec. 1, eff. September 1, 2007.