Bill > SB3047

This bill creates three new municipal management districts in Texas: the Pura Vida Municipal Management District No. 1 in Mustang Ridge, the Wolf Creek Municipal Management District No. 1 near Greenville, and the Rivers Market Place Municipal Management District near Elgin. Each district is established as a special district under the Texas Constitution with similar core provisions, including a five-member board of directors elected to staggered four-year terms. The districts are designed to promote economic development, provide infrastructure improvements, and supplement (but not replace) existing municipal services. They have broad powers including issuing bonds, collecting assessments and taxes, providing economic development programs, and potentially exercising eminent domain (contingent on receiving a two-thirds vote in the legislature). The districts can impose operation and maintenance taxes, create parking facilities, contract with governmental entities, and join charitable organizations. Each district is initially composed of specific land parcels described in detailed legal descriptions within the bill. The districts are required to hold elections for voter approval before imposing taxes or issuing bonds payable from ad valorem taxes, and they can be dissolved under certain conditions, such as when they have no outstanding debt or tax obligations. The bill includes provisions for the districts to be divided into multiple districts if certain conditions are met.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB3047