NOMINATING ORDINANCE OR ORDER.
Tex. GOV'T Code § 2310.104.
in effect(a) An ordinance or order nominating an area as a readjustment zone must:
(1) describe precisely the area to be included in the zone by a legal description or reference to roadways, lakes, waterways, or municipal or county boundaries;
(2) state a finding that the area meets the requirements of this chapter;
(3) summarize briefly the incentives, including tax incentives, that, at the election of the nominating body, apply to business enterprises in the area; and
(4) nominate the area as a readjustment zone.
(b) At least one of the incentives summarized under Subsection (a)(3) must not be offered elsewhere within the jurisdiction except within an enterprise zone designated under Chapter 2303 .
(c) This section does not prohibit a municipality or county from extending additional incentives, including tax incentives, for business enterprises in a readjustment zone by a separate ordinance or order.
Added by Acts 1997, 75th Leg., ch. 114, Sec. 1, eff. May 19, 1997.