Special District Local Laws Code § 3846.254

Sec. 3846.254. PRELIMINARY FINANCING PLAN REQUIRED. Before designating a development zone, the board must prepare a preliminary financing plan for the zone that includes: (1) estimated project costs, including administrative expenses; (2) a description of the kind, number, and location of all proposed improvement projects in the zone; (3) the estimated amount of: (A) bonded indebtedness to be incurred; or (B) the financial obligation of any other contractual obligation to be incurred; (4) a description of the methods of financing and expected sources of revenue to pay for the costs of proposed improvement projects; and (5) the projected duration of the zone. Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 21.036, eff. September 1, 2009.