Duty To Evaluate Available Financing Options

Sec. 386.102. DUTY TO EVALUATE AVAILABLE FINANCING OPTIONS. The board shall evaluate all options available to the development zone as alternatives to imposing a tax under Section 386.035, including: (1) regional grants from federal and state agencies; (2) local money from a creating body; (3) money from charities; (4) sales taxes for economic development in the development zone; (5) use or impact fees on affected business entities; (6) incentives for business entities that may benefit from the development zone; (7) money provided by local governmental entities; and (8) in-kind contributions. Added by Acts 2001, 77th Leg., ch. 1390, Sec. 1, eff. June 16, 2001.