Sec. 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.
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