An assessment or reassessment is valid and binding without regard to:

1. (1) an error, omission, or invalidity in a proceeding of the municipality under this chapter with reference to:

   1. (A) the making of an improvement provided by this chapter;
   2. (B) the taking or condemnation of property for an improvement; or
   3. (C) the determination and payment of damages for property taken or damaged; or
2. (2) whether as of the date of the assessments the improvement was completed.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.