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TX HB5359

TX HB5359
Relating to the creation of the Williamson County Development District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.


summary

Introduced
04/10/2023
In Committee
05/15/2023
Crossed Over
05/12/2023
Passed
Dead
05/29/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

Relating to the creation of the Williamson County Development District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

AI Summary

This bill creates the Williamson County Development District No. 1, which is a special district with the authority to issue bonds, impose assessments, fees, and taxes (including a sales and use tax and a hotel occupancy tax) to fund the development and diversification of the economy in the district. The district has powers similar to a county development district under Chapter 383 of the Local Government Code, such as the ability to enter into agreements, provide public improvements, and engage in economic development activities.

Committee Categories

Government Affairs

Sponsors (3)

Last Action

Referred to Local Government (on 05/15/2023)

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