1. (a) To establish a program under this chapter, the governing body of a local government must take the following actions in the following order:

   1. (1) adopt a resolution of intent that includes:

      1. (A) a finding that, if appropriate, financing qualified projects through contractual assessments is a valid public purpose;
      2. (B) a statement that the local government intends to make contractual assessments to repay financing for qualified projects available to property owners;
      3. (C) a description of the types of qualified projects that may be subject to contractual assessments;
      4. (D) a description of the boundaries of the region;
      5. (E) a description of any proposed arrangements for third-party financing to be available or any local government financing to be provided for qualified projects;
      6. (F) a description of local government debt servicing procedures if third-party financing will be provided and assessments will be collected to service a third-party debt;
      7. (G) a reference to the report on the proposed program prepared as provided by Section 399.009 and a statement identifying the location where the report is available for public inspection;
      8. (H) a statement of the time and place for a public hearing on the proposed program; and
      9. (I) a statement identifying the appropriate local official and the appropriate assessor-collector for purposes of consulting regarding collecting the proposed contractual assessments with property taxes imposed on the assessed property;
   2. (2) hold a public hearing at which the public may comment on the proposed program, including the report required by Section 399.009; and

   3. (3) adopt a resolution establishing the program and the terms of the program, including:

      1. (A) each item included in the report under Section 399.009; and
      2. (B) a description of each aspect of the program that may be amended only after another public hearing is held.
2. (b) For purposes of Subsection (a)(3)(A), the resolution may incorporate the report or the amended version of the report, as appropriate, by reference.
3. (c) Subject to the terms of the resolution establishing the program as referenced by Subsection (a)(3)(B), the governing body of a local government may amend a program by resolution.

4. (d) A local government may:

   1. (1) hire and set the compensation of a program administrator and program staff; or
   2. (2) contract for professional services necessary to administer a program.

5. (e) A local government may impose fees to offset the costs of administering a program. The fees authorized by this subsection may be assessed as:

   1. (1) a program application fee paid by the property owner requesting to participate in the program;
   2. (2) a component of the interest rate on the assessment in the written contract between the local government and the property owner; or
   3. (3) a combination of Subdivisions (1) and (2).

Added by Acts 2013, 83rd Leg., R.S., Ch. 416 (S.B. 385), Sec. 1, eff. June 14, 2013.