An agreement has been approved that would prevent a city from attempting to annex The Woodlands. As part of the deal, the city will receive approximately $50 million in funding. This agreement was approved on Wednesday and it blocks any future attempts at annexation.

The funding is expected to be received in the near term. Further details about the agreement are available from the source, including the specifics of the deal and its implications. The city involved in the agreement will receive the funding as a result of the approved deal.