Tex. Loc. Gov't Code § 374.032
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
On approval of an urban renewal plan by the governing body of a municipality and on approval of tax increment financing as required by Section 374.031, the governing body by resolution shall establish a fund known as the tax increment fund.
Tex. Loc. Gov't. Code § 374.032