Texas Senate Bill SB2614

Texas 2023 - 88th Regular

• Filed: 4/21/23

Caption

Relating to the creation of the Presidio International Port Authority District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

Impact

The legislation holds significant implications for state laws regarding special districts. It extends the authority of local governmental structures to manage local economic development and infrastructure projects, particularly those that involve international trade activities. By allowing for the issuance of bonds, the district can secure funding for various improvements and operational needs, thus fostering a business-friendly climate while promoting public welfare objectives.

Summary

SB2614 proposes the establishment of the Presidio International Port Authority District, aimed at facilitating and regulating international trade through enhanced port infrastructure. The bill empowers the district to collect fees and taxes and issue bonds necessary for financing associated projects. By creating specific governance structures for managing this district, the bill aims to enhance economic development potential in Presidio County and its surrounding regions, ultimately improving operational efficiency and capacity at the port of entry.

Sentiment

General sentiment surrounding SB2614 appears favorable, especially among stakeholders advocating for economic growth and enhanced trade capabilities. Supporters argue that this new district would not only create new jobs but would also attract investments to the area, leading to long-term benefits for the local economy. However, there may be concerns regarding the fiscal implications of such a district, particularly related to the power of assessment and taxation on local properties.

Contention

Key points of contention might include the district's power to impose assessments and its capacity to issue bonds without broad community consent beyond the initial framework. Critics may argue that this could lead to an undue financial burden on property owners in the district. Additionally, the absence of eminent domain power for the district is notable; it could constrain the authority's ability to acquire necessary land for port-related developments, potentially slowing down crucial initiatives.

Texas Constitutional Statutes Affected

Local Government Code

• Chapter 375. Municipal Management Districts In General
  • Section: New Section

Transportation Code

• Chapter 370. Regional Mobility Authorities
  • Section: New Section

Tax Code

• Chapter 311. Tax Increment Financing Act
  • Section: New Section

• Chapter 312. Property Redevelopment And Tax Abatement Act
  • Section: New Section