Texas Senate Bill SB605

Texas 2013 - 83rd Regular

Caption

Relating to the creation of the Fort Bend County Improvement District No. 24; providing authority to impose an assessment, impose a tax, and issue bonds.

Impact

The creation of the Fort Bend County Improvement District No. 24 allows for local governance to better facilitate development projects that align with state constitutional provisions for enhancing public use and benefit. This could result in improved infrastructure in the area, including enhancements to public spaces and transportation networks. Furthermore, the bill ensures that improvements are funded through a combination of assessments, ad valorem taxes, and bond issuances, providing a financial framework to sustain the district's development agenda.

Summary

SB605 establishes the Fort Bend County Improvement District No. 24, an initiative aimed at fostering economic growth and public welfare within a specified territory of approximately 93.243 acres in the northeastern corner of Fort Bend County. This district is designed to supplement existing city services and enhance various aspects of public infrastructure including transportation, housing, and recreational facilities. The legislation outlines the district’s authority to impose assessments and taxes, as well as to issue bonds for funding and executing improvement projects within its jurisdiction.

Contention

While the bill emphasizes economic development and improved public welfare, potential points of contention may arise concerning the fiscal responsibilities imposed on property owners within the district. The ability to impose taxes and assessments could face opposition from residents worried about increased financial burdens. Additionally, there might be concerns regarding whether the district's activities could encroach upon the city’s jurisdiction or replace existing city services rather than support them.