Texas Senate Bill SB2045

Texas 2015 - 84th Regular

Caption

Relating to the creation of the Grand Lake Estates Management District; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.

Impact

The bill allows the district to impose ad valorem taxes on property within its territory, fueling funding for improvement projects aimed at bolstering the economic health of the area. It highlights the legislative intent for the district to operate alongside existing county services rather than serve as a replacement, focusing on supplementary improvements in infrastructure and community amenities. This could significantly enhance the quality of life and economic prospects for those living and working in the district.

Summary

SB2045 establishes the Grand Lake Estates Management District in Montgomery County, providing it authority to issue bonds, impose assessments, fees, or taxes. The act is intended to promote economic development, transportation, housing, and public welfare within the district, which is designed to support both residents and businesses. It emphasizes the need for additional services and facilities that go beyond the current capabilities of county provisions, thereby allowing for a more tailored approach to local governance and development needs in the area.

Contention

While supporters argue that SB2045 will create essential public benefits and facilitate local job creation, critics may raise concerns regarding the imposition of additional taxes and assessments on property owners. The lack of eminent domain power also suggests a limitation on how aggressively the district can pursue expansion or improvement projects. The governance structure, which is influenced by the county's oversight, may lead to discussions about efficiency and collaboration versus bureaucratic delay, impacting the district's operational effectiveness.