Bill > HB5677

This bill establishes the Pura Vida Municipal Management District No. 1, a special district located in Travis County near Mustang Ridge, Texas, covering approximately 211.348 acres. The district is created to promote economic development, improve infrastructure, and provide supplemental services to the local community. The bill outlines the district's governance structure, which includes a five-member board of directors elected to staggered four-year terms, and grants the district several key powers, including the ability to issue bonds, impose assessments and taxes, provide public services, and potentially exercise limited eminent domain powers (contingent on receiving a two-thirds legislative vote). The district is designed to support economic growth by enabling activities such as creating economic development programs, establishing parking facilities, and providing additional law enforcement services. The bill specifies that the district is intended to supplement, not replace, existing city services and must obtain voter approval for certain financial actions like imposing ad valorem taxes or sales taxes. The district can also potentially be dissolved under specific conditions, such as by petition from property owners or board vote, though this is subject to certain restrictions related to outstanding financial obligations.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5677