TAX CODE

CHAPTER 320. MISCELLANEOUS PROVISIONS


	§ 320.001.  SAVING PROVISION AFTER EXPIRATION OF CHAPTER 
312.  The expiration of Chapter 312 under Section 312.006 does not 
affect the validity of a reinvestment zone designated or a tax 
abatement agreement executed before the expiration of Chapter 312.  
A reinvestment zone designated or a tax abatement agreement 
executed before the expiration of Chapter 312 under Section 312.006 
is governed by the applicable law in effect immediately before the 
expiration of Chapter 312, except that the designation of an 
existing reinvestment zone may not be renewed after the expiration 
of Chapter 312.  A tax abatement agreement in effect when Chapter 
312 expires may be extended as provided by the law in effect 
immediately before the expiration of Chapter 312.  A tax abatement 
agreement executed after the expiration of Chapter 312 may not be 
extended.

Added by Acts 1989, 71st Leg., ch. 1137, § 14, eff. Sept. 1, 
1989.