TX SB2539

Municipalities must provide reasonable written notice to each property owner in a tax increment reinvestment zone of the date and time of the public hearing where the governing body intends to adopt an ordinance issuing a tax increment bond

Ordinances issuing tax increment bonds must receive an affirmative vote of at least a majority of the municipal governing body members voting on the question of adoption

Tax increment bonds still require attorney general approval in addition to the new procedural requirements

Changes apply only to ordinances adopted on or after the effective date and do not affect the validity of bonds or obligations issued before the effective date

Takes effect immediately if passed by two-thirds vote of both legislative chambers; otherwise takes effect September 1, 2025