(a) A district by resolution may provide for the planning, acquisition, establishment, development, construction, or renovation of a venue project if:
(1) the comptroller determines under § 335.052 or 335.053 that the implementation of the resolution will not have a significant negative fiscal impact on state revenue;
(2) to the extent required by § 335.0535 or 335.0536, a rapid transit authority determines that the implementation of the resolution will not have a significant negative impact on the authority’s ability to provide services and will not impair any existing contracts; and
(3) the resolution is approved by a majority of the qualified voters of each political subdivision that created the district voting at one election or at separate elections called and held for that purpose under § 335.054.
(b) The resolution must designate each venue project and each method of financing authorized by this chapter that the district wants to use to finance a project. A resolution may designate more than one method of financing.

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Terms Used In Texas Local Government Code 335.051

  • Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
  • Venue: The geographical location in which a case is tried.