Relating to the creation of the Mustang Ranch Municipal Management District No. 1; providing authority to levy an assessment and issue bonds.
Impact
HB3846 has the potential to significantly alter state laws governing municipal management districts by providing a framework for their creation and operation. It establishes guidelines for the board of directors, defines the district's powers, and clarifies the financial mechanisms available for funding district activities. The district is specifically designed to supplement existing city and county services rather than replace them, indicating that the bill provides a supportive approach to local governance and development initiatives.
Summary
House Bill 3846 proposes the creation of the Mustang Ranch Municipal Management District No. 1 in Collin County, Texas. This municipal management district is intended to promote economic development and manage specific improvements in the area. One of the key functions of this district will be to levy assessments on property within its boundaries to fund various public projects. The bill emphasizes enhancing the local economy, providing infrastructure improvements, and maintaining the welfare of residents in the district.
Contention
Though the bill aims to foster economic growth, there may be concerns regarding the financial implications for property owners due to the imposition of assessments. Some stakeholders could argue that this approach might lead to increased financial burdens on residents and businesses within the district. The provision of up to $150 per director meeting as compensation could also raise questions about expenditure and governance efficiency. Additionally, as the bill prohibits the district from exercising the power of eminent domain, there is a clear boundary set on the extent of its authority, which should play a role in addressing local apprehensions regarding land use and public interests.
Relating to the creation of the West Lake Ranch Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Tabor Ranch Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes; granting a limited power of eminent domain.
Relating to the creation of the Tabor Ranch Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes; granting a limited power of eminent domain.
Relating to the creation of the Jones Avenue Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Jones Avenue Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Jones Avenue Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Dallas Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.
Relating to the creation of the Dallas Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.
Relating to the creation of the West Plains Municipal Management District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Prairie View Municipal Management District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Joshua Farms Municipal Management District No. 2; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments or fees.
Relating to the creation of the Joshua Farms Municipal Management District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments or fees.