Texas Senate Bill SB3050

Texas 2025 - 89th Regular

• Filed: 4/17/25

Caption

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

Impact

The implementation of SB3050 is expected to facilitate improvements in infrastructure and services in Fannin County, thus promoting economic growth and enhancing the quality of life for residents. By establishing a structured method for collecting fees and imposing taxes, the district aims to secure funding for various projects that would support local employment, commerce, and public welfare. The bill emphasizes that the district is not intended to replace existing county services but rather to complement them.

Summary

SB3050 proposes the establishment of the Fannin County Improvement District No. 1 which is aimed at fostering economic development within the designated area. This special district allows the county to issue bonds and impose assessments, fees, and taxes specifically for projects and services that are beneficial to the local economy. The legislation outlines the powers and responsibilities of the district's board of directors, which includes providing essential services such as water and wastewater management, road maintenance, and enhancements to public safety and recreational facilities.

Contention

Notably, some potential points of contention surrounding SB3050 include concerns about the imposition of taxes and assessments on residents, which could lead to resistance from property owners who may be opposed to increased financial obligations. Furthermore, there may be discussions around the governance structure of the district, particularly in terms of how transparency and accountability will be maintained in the use of funds generated through assessments and bonds. Understanding the balance between local government powers and the rights of citizens is likely to be a focus of ongoing debates as the bill progresses.

Texas Constitutional Statutes Affected

Water Code

• Chapter 49. Provisions Applicable To All Districts
  • Section: New Section

• Chapter 54. Municipal Utility Districts
  • Section: New Section

Local Government Code

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

• Chapter 380. Miscellaneous Provisions Relating To Municipal Planning And Development
  • Section: New Section

Government Code

• Chapter 1509. Obligations For Other Municipal Purposes
  • 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