Texas Government Code 2310.111 – Removal of Designation
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(a) The bank may remove the designation of an area as a readjustment zone if:
(1) the area no longer meets the criteria for designation under this chapter or by rule of the office adopted under this chapter; or
(2) the bank determines that the governing body of the readjustment zone has not complied with commitments made in the ordinance or order nominating the area as a readjustment zone.
(b) The removal of a designation does not affect the validity of a tax incentive or regulatory relief granted or accrued before the removal.
Terms Used In Texas Government Code 2310.111
- Rule: includes regulation. See Texas Government Code 311.005