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Tex. Loc. Gov't Code § 383.066

REPAYMENT OF ORGANIZATIONAL EXPENSES

Known as the County Development District Act

The act spans §§ 383.001 to 383.123 (53 sections).

Added by Acts 1995, 74th Leg., ch. 995, Sec. 5, eff

(a) The directors may pay:

(1) all costs and expenses necessarily incurred in the creation and organization of the district;

(2) the cost of investigation and making plans;

(3) the cost of the engineer's report;

(4) project designer fees;

(5) legal fees; and

(6) other incidental expenses.

(b) A director may reimburse any person for money advanced for the costs, fees, and expenses described by Subsection (a).

(c) Payments under this section may be made from money obtained from the issuance of notes or the sale of bonds first issued by the district or from other district revenues.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.