(a) This subchapter does not affect a taxing unit’s authority to grant a tax abatement.
(b) This subchapter does not affect a Type A corporation‘s authority to invest in a project or recover its total investment by contract under § 501.159.

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Terms Used In Texas Local Government Code 504.204

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.