On approval of an urban renewal plan by the governing body of a municipality and on approval of tax increment financing as required by Section 374.031, the governing body by resolution shall establish a fund known as the tax increment fund.
Tex. Loc. Gov't Code § 374.032
TAX INCREMENT FUND
Known as the Texas Urban Renewal Law
The act spans §§ 374.001 to 374.910 (33 sections).
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.