reglab/housing_qa huggingface dataset:
TX Spec Dist Code § 3886.202 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3886 - Prosper Management District No. 1|Subchapter E. Bonds and Other Obligations|Section 3886.202. Taxes for Bonds

Sec. 3886.202.  TAXES FOR BONDS.  (a)  At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of an ad valorem tax, without limit as to rate or amount, as required by Section 54.601, Water Code.(b)  The board shall annually impose the tax while all or part of the bonds are outstanding.  Sections 54.601 and 54.602, Water Code, govern the amount and rate of the tax.(c)  The district annually shall impose the tax on all taxable property in the district in an amount sufficient to:(1)  pay the interest on the bonds or other obligations as the interest becomes due;(2)  create a sinking fund for the payment of the principal of the bonds or other obligations when due or the redemption price at any earlier required redemption date; and(3)  pay the expenses of imposing the tax.(d)  The district may not issue bonds or other obligations that are secured by and payable from ad valorem taxes unless the bonds and the imposition of taxes are approved by:(1)  a majority of the district voters voting at an election for that purpose; and(2)  the governing body of the town.(e)  The district shall hold an election required by this section in the manner provided by Chapter 54, Water Code.|Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.|
TX Spec Dist Code § 3886.203 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3886 - Prosper Management District No. 1|Subchapter E. Bonds and Other Obligations|Section 3886.203. Bond Issuance Plan Required Before Issuing Bonds

Sec. 3886.203.  BOND ISSUANCE PLAN REQUIRED BEFORE ISSUING BONDS.  The district may not issue bonds until the governing body of the town approves a bond issuance plan authorizing and prescribing the limitations on the issuance of the bonds.|Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.|
TX Spec Dist Code § 3886.204 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3886 - Prosper Management District No. 1|Subchapter E. Bonds and Other Obligations|Section 3886.204. Bond Maturity

Sec. 3886.204.  BOND MATURITY.  Bonds must mature not more than 40 years from their date of issuance.|Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.|
TX Spec Dist Code § 3886.205 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3886 - Prosper Management District No. 1|Subchapter E. Bonds and Other Obligations|Section 3886.205. Bonds for Road Projects

Sec. 3886.205.  BONDS FOR ROAD PROJECTS.  At the time of issuance, the total principal amount of bonds or other obligations issued or incurred to finance road projects may not exceed one-fourth of the assessed value of the real property in the district.|Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.|
TX Spec Dist Code § 3886.251 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3886 - Prosper Management District No. 1|Subchapter F. Dissolution|Section 3886.251. Dissolution by Town Ordinance

Sec. 3886.251.  DISSOLUTION BY TOWN ORDINANCE.  (a)  The town by ordinance may dissolve the district.(b)  The town may not dissolve the district until the district's outstanding indebtedness or contractual obligations that are payable from ad valorem taxes have been repaid or discharged.(c)  The town may not dissolve the district until the agreement under Section 3886.104 has been executed and the district's performance under the agreement has been fulfilled, including any right or obligation the district has to reimburse a developer or owner for the costs of improvement projects.(d)  The town may not dissolve the district before December 31, 2016.|Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.|
TX Spec Dist Code § 3886.252 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3886 - Prosper Management District No. 1|Subchapter F. Dissolution|Section 3886.252. Collection of Assessments and Other Revenue

Sec. 3886.252.  COLLECTION OF ASSESSMENTS AND OTHER REVENUE.  (a)  If the dissolved district has bonds or other obligations outstanding secured by and payable from assessments or other revenue, other than ad valorem taxes, the town shall succeed to the rights and obligations of the district regarding enforcement and collection of the assessments or other revenue.(b)  The town shall have and exercise all district powers to enforce and collect the assessments or other revenue to pay:(1)  the bonds or other obligations when due and payable according to their terms; or(2)  special revenue or assessment bonds or other obligations issued by the town to refund the outstanding bonds or obligations.|Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.|
TX Spec Dist Code § 3886.253 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3886 - Prosper Management District No. 1|Subchapter F. Dissolution|Section 3886.253. Assumption of Assets and Liabilities

Sec. 3886.253.  ASSUMPTION OF ASSETS AND LIABILITIES.  (a)  After the town dissolves the district, the town assumes the obligations of the district, including any bonds or other indebtedness payable from assessments or other district revenue.(b)  If the town dissolves the district, the board shall transfer ownership of all district property to the town.|Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.|
TX Spec Dist Code § 3887.001 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter A. General Provisions|Section 3887.001. Definitions

Sec. 3887.001.  DEFINITIONS.  In this chapter:(1)  "Board" means the board of directors of the district.(2)  "County" means Guadalupe County.(3)  "District" means the Guadalupe County Development and Management District.(4)  "Improvement project" means a program or project authorized by Section 3887.102, inside or outside the boundaries of the district.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.002 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter A. General Provisions|Section 3887.002. Creation and Nature of District

Sec. 3887.002.  CREATION AND NATURE OF DISTRICT.  (a)  The district is a special district created under Section 59, Article XVI, Texas Constitution, with all of the powers granted by this chapter.(b)  The district is a governmental unit for the purposes of Chapter 101, Civil Practice and Remedies Code, and operations of the district are considered to be essential governmental functions and not proprietary functions for all purposes, including the application of that chapter.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.003 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter A. General Provisions|Section 3887.003. Purpose; Legislative Findings

Sec. 3887.003.  PURPOSE; LEGISLATIVE FINDINGS.  (a)  The creation of the district is essential to accomplish the purposes of Sections 52 and 52-a, Article III, and Section 59, Article XVI, Texas Constitution, and other public purposes stated in this chapter.  By creating the district and in authorizing political subdivisions to contract with the district, the legislature has established a program to accomplish the public purposes set out in Section 52-a, Article III, Texas Constitution.(b)  The creation of the district is necessary to promote, develop, and protect the environment and the other natural resources of the state, and to encourage and maintain employment, commerce, transportation, housing, tourism, recreation, the arts, entertainment, economic development, safety, and the public welfare in the district.(c)  This chapter and the creation of the district may not be interpreted to relieve the county from providing the level of services provided as of the effective date of the Act enacting this chapter to the area in the district.  The district is created to supplement and not to supplant county services provided in the district.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.004 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter A. General Provisions|Section 3887.004. Findings of Benefit and Public Purpose

Sec. 3887.004.  FINDINGS OF BENEFIT AND PUBLIC PURPOSE.  (a)  The district is created to serve a public use and benefit.(b)  All land and other property included in the district will benefit from the improvements and services to be provided by the district under powers conferred by Sections 52 and 52-a, Article III, and Section 59, Article XVI, Texas Constitution, and other powers granted under this chapter.(c)  The creation of the district is in the public interest and is essential to further the public purposes of:(1)  developing and diversifying the economy of the state;(2)  eliminating unemployment and underemployment;(3)  providing quality residential housing;(4)  developing or expanding transportation and commerce; and(5)  improving and enhancing the environment in and around the district and in the county.(d)  The district will:(1)  promote the health, safety, and general welfare of residents, employers, potential employees, employees, visitors, and consumers in the district, and of the public;(2)  provide needed funding for the district to preserve, maintain, and enhance the economic health and vitality of the district territory as a residential community and business center; and(3)  promote the health, safety, welfare, and enjoyment of the public by providing pedestrian ways and by landscaping and developing certain areas in the district, which are necessary for the restoration, preservation, and enhancement of scenic beauty and enhancing and improving the environment as an essential natural resource of the state.(e)  Pedestrian ways along or across a street, whether at grade or above or below the surface, and street lighting, street landscaping, vehicle parking, and street art objects are parts of and necessary components of a street and are considered to be an improvement project that includes a street or road improvement.(f)  The district will not act as the agent or instrumentality of any private interest even though the district will benefit many private interests as well as the public.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.005 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter A. General Provisions|Section 3887.005. District Territory

Sec. 3887.005.  DISTRICT TERRITORY.  (a)  The district is composed of the territory described by Section 2 of the Act enacting this chapter, as that territory may have been modified under Section 3887.107 or other law.(b)  A mistake in the field notes of the district contained in Section 2 of the Act enacting this chapter or in copying the field notes in the legislative process does not in any way affect:(1)  the district's organization, existence, or validity;(2)  the district's right to contract, including the right to issue any type of bond or other obligation for a purpose for which the district is created;(3)  the district's right to impose or collect an assessment, tax, or any other revenue; or(4)  the legality or operation of the board.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.006 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter A. General Provisions|Section 3887.006. Eligibility for Inclusion in Special Zones

Sec. 3887.006.  ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES.  (a)  If all or any part of the district is annexed into a municipality, any part of the area of the district is eligible to be included in:(1)  a tax increment reinvestment zone created by the municipality under Chapter 311, Tax Code;(2)  a tax abatement reinvestment zone created by the municipality under Chapter 312, Tax Code; or(3)  an enterprise zone created by the municipality under Chapter 2303, Government Code.(b)  If a municipality creates a tax increment reinvestment zone described by Subsection (a), the municipality, by contract with the district, may grant money deposited in the tax increment fund to the district to be used by the district for the purposes permitted for money granted to a corporation under Section 380.002(b), Local Government Code, including the right to pledge the money as security for any bonds issued by the district for an improvement project.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.051 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter B. Board of Directors|Section 3887.051. Governing Body; Terms

Sec. 3887.051.  GOVERNING BODY; TERMS.  The district is governed by a board of five directors who serve staggered terms of four years, with two or three directors' terms expiring July 1 of each odd-numbered year.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.052 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter B. Board of Directors|Section 3887.052. Election Date

Sec. 3887.052.  ELECTION DATE.  The board shall hold elections for directors on the uniform election date in May of odd-numbered years.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.053 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter B. Board of Directors|Section 3887.053. Vacancy

Sec. 3887.053.  VACANCY.  The board of directors shall appoint a director to fill a vacancy on the board for the remainder of the unexpired term.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.054 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter B. Board of Directors|Section 3887.054. Eligibility

Sec. 3887.054.  ELIGIBILITY.  (a)  To serve as a director, a person must be at least 18 years old and be:(1)  a resident of the district who is also a registered voter of the district;(2)  an owner of property in the district;(3)  an owner of stock, whether beneficial or otherwise, of a corporate owner of property in the district;(4)  an owner of a beneficial interest in a trust that owns property in the district;(5)  an agent, employee, or tenant of a person covered by Subdivision (2), (3), or (4); or(6)  an initial director.(b)  Section 49.052, Water Code, does not apply to the district.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.055 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter B. Board of Directors|Section 3887.055. Director's Oath or Affirmation

Sec. 3887.055.  DIRECTOR'S OATH OR AFFIRMATION.  A director's oath or affirmation of office shall be filed with the district, and the district shall retain the oath or affirmation in the district records.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.056 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter B. Board of Directors|Section 3887.056. Officers

Sec. 3887.056.  OFFICERS.  The board shall elect from among the directors a presiding officer, an assistant presiding officer, and a secretary.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.057 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter B. Board of Directors|Section 3887.057. Compensation, Expenses, and Liability Insurance for Directors

Sec. 3887.057.  COMPENSATION, EXPENSES, AND LIABILITY INSURANCE FOR DIRECTORS.  (a)  The district may compensate each director in an amount not to exceed $50 for each board meeting.  The total amount of compensation for one director may not exceed $2,000 annually.(b)  The district shall reimburse directors for necessary and reasonable expenses incurred in carrying out the duties and responsibilities of a director.(c)  The district may obtain and pay for comprehensive general liability insurance coverage from commercial insurance companies or other sources that protect and insure the directors against personal liability and from any and all claims for actions taken as directors or actions and activities taken by the district or by others acting on the district's behalf.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.058 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter B. Board of Directors|Section 3887.058. Conflicts of Interest

Sec. 3887.058.  CONFLICTS OF INTEREST.  (a)  A director may participate in all board votes and decisions, subject to the requirements of this section.(b)  Section 171.004, Local Government Code, does not apply to the district.(c)  A director who has a substantial interest in a business or charitable entity that will receive a pecuniary benefit from a board action shall file an affidavit with the board secretary declaring the interest. Another affidavit is not required if the director's interest changes.(d)  After the affidavit is filed, the director may participate in a discussion or vote if:(1)  a majority of the appointed directors have a similar interest in the same entity;(2)  all other similar businesses or charitable entities in the district will receive a similar pecuniary benefit; or(3)  the appointed director is a property owner in the district.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.101 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter C. Powers and Duties|Section 3887.101. General Powers and Duties

Sec. 3887.101.  GENERAL POWERS AND DUTIES.The district has the duties imposed by this chapter and the powers:(1)  provided by the general laws relating to conservation and reclamation districts created under Section 59, Article XVI, Texas Constitution, including Chapters 49 and 54, Water Code;(2)  provided by the general laws relating to road districts and road utility districts created under Section 52, Article III, Texas Constitution, including Chapter 441, Transportation Code, except that the district may exercise any power granted by this chapter without regard to any provision or requirement of or procedure prescribed in Chapter 441, Transportation Code;(3)  that Subchapter A, Chapter 372, Local Government Code, provides a municipality or a county;(4)  provided by Chapter 375, Local Government Code;(5)  that Chapter 505, Local Government Code, provides a corporation created under that chapter; and(6)  that Chapter 1371, Government Code, provides an issuer.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|
TX Spec Dist Code § 3887.103 (2021)
2021 Texas Statutes|Special District Local Laws Code|Title 4 - Development and Improvement|Subtitle C - Development, Improvement, and Management|Chapter 3887 - Guadalupe County Development and Management District|Subchapter C. Powers and Duties|Section 3887.103. General Powers Regarding Contracts

Sec. 3887.103.  GENERAL POWERS REGARDING CONTRACTS.  (a)  The district may:(1)  contract with any public or private person, body, or entity to accomplish any district purpose, including a contract for:(A)  the payment, repayment, or reimbursement of costs incurred by that person on behalf of the district, including all or part of the costs of an improvement project and interest on the reimbursed cost; or(B)  the use, occupancy, lease, rental, operation, maintenance, or management of all or part of a proposed or existing improvement project; and(2)  apply for and contract with any public or private person, body, or entity to receive, administer, and perform a duty or obligation of the district under a federal, state, local, or private gift, grant, loan, conveyance, transfer, bequest, or other financial assistance arrangement relating to the investigation, planning, analysis, study, design, acquisition, construction, improvement, completion, implementation, or operation by the district or others of a proposed or existing improvement project.(b)  A contract the district enters into to carry out a purpose of this chapter may be on any terms and for any period the board determines, including a negotiable or nonnegotiable note or warrant payable to any other person.(c)  Any person, including but not limited to the county, may contract with the district to carry out the purposes of this chapter without further statutory or other authorization.|Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.|