Tex. Transportation Code § 460.607
This is the official text of Tex. Transportation Code § 460.607, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 460.607. AGREEMENT WITH COMPTROLLER.
Official statutory text
Before pledging or otherwise committing money in the tax increment account under Section 460.606, the governing body of a municipality must enter into an agreement under Subchapter E, Chapter 271, Local Government Code, to authorize and direct the comptroller to:
(1) withhold from any payment to which the municipality may be entitled the amount of the payment due to the tax increment account;
(2) deposit that amount into the tax increment account; and
(3) continue withholding and making additional payments into the tax increment account until an amount sufficient to satisfy the amount due to the account has been met.
(1) withhold from any payment to which the municipality may be entitled the amount of the payment due to the tax increment account;
(2) deposit that amount into the tax increment account; and
(3) continue withholding and making additional payments into the tax increment account until an amount sufficient to satisfy the amount due to the account has been met.
Status: in_force · Read it on the official government site
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