Real Property - As enacted, authorizes a tax increment agency to enter into a taxpayer agreement relative to a plan area after obtaining a written statement executed by each holder of an existing, previously recorded mortgage or deed of trust on the property securing indebtedness and in which each holder consents to the taxpayer agreement and indicates that the assessment does not constitute an event of default under the existing mortgage or deed of trust. - Amends TCA Title 9, Chapter 23 and Title 67, Chapter 5.

SB 1760 allows housing authorities, industrial development corporations, and community redevelopment agencies to require property owners in designated redevelopment areas to make payments securing the agencies' bonds. These agreements must be recorded as a lien on the property, which takes priority over all existing and future mortgages or liens. The lien is treated like a property tax lien and runs with the land, meaning it stays attached to the property even if ownership changes. Property owners in redevelopment zones would be directly affected by these payment obligations and the lien's priority status.