Texas Senate Bill SB2546

Texas 2009 - 81st Regular

Caption

Relating to the creation of Austin Desired Development Zone District No. 2; providing authority to levy an assessment, impose taxes, and issue bonds; granting a limited power of eminent domain.

Impact

The creation of the Austin Desired Development Zone District No. 2 is expected to have a significant impact on local economic dynamics. By allowing the district to finance public projects through taxation and bonding, the bill supports infrastructure improvements that may lead to enhanced property values, increased employment opportunities, and greater commercial activity within the designated area. Residents and businesses in the district may benefit from improved public services and amenities.

Summary

Senate Bill 2546 proposes the establishment of the Austin Desired Development Zone District No. 2, aimed at promoting economic growth, commerce, and public welfare within its boundaries. The bill grants the district the authority to impose taxes, levy assessments, and issue bonds to fund various development projects, including improvements to infrastructure such as roads and drainage systems. The district will serve as a special district under Texas law, operating to further the public purpose of community and economic development.

Contention

Notably, the bill includes a provision for limited eminent domain powers, which allows the district to acquire land necessary for public projects. This aspect may generate discussions regarding property rights and the ethical implications of eminent domain. Additionally, the requirement for municipal consent before the district can hold elections for director appointments may raise questions about local governance and the balance between regional development and community interests.