(a) Both the governor and the governing body of the applicable school district must decide under Government Code, §403.610(a) and §403.611(a), that they are agreeable to entering into an agreement with the applicant for a limitation on taxable value of eligible property.
(b) The governor and the governing body of the applicable school district must provide written notice of their determination in compliance with Government Code, §403.610(b) and §403.611(d).
(c) The agreement must be written in the manner and form prescribed by the governor.

Source Note: The provisions of this §9.5006 adopted to be effective January 16, 2024, 49 TexReg 134