Tex. Local Government Code § 386.301

This is the official text of Tex. Local Government Code § 386.301, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.

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§ 386.301. DISSOLUTION OF DEVELOPMENT ZONE BY CREATING BODY.

Official statutory text

(a) After a hearing, a creating body may dissolve a development zone if:

(1) the area no longer meets the criteria for designation under this chapter;

(2) the best interests of the creating body and the owners of property and interests in property in the zone will be served by dissolving the zone; and

(3) each creating body agrees by ordinance or order on the:

(A) proposition that the zone should be dissolved;

(B) disposition of zone assets; and

(C) assumption of liabilities by the creating bodies.

(b) The dissolution of a development zone does not affect the validity of a:

(1) tax incentive or regulatory relief granted or accrued before the removal; or

(2) bond issued under this chapter.

Status: in_force · Read it on the official government site

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