Texas House Bill HB3942

Texas 2013 - 83rd Regular

Caption

Relating to the creation of the Riverwalk Municipal Management District No. 1; providing authority to issue bonds; providing authority to impose assessments or fees.

Impact

By creating the Riverwalk Municipal Management District, HB3942 aims to facilitate economic development through enhanced services and improvements in the targeted area. The district will function to supplement existing city services rather than replace them, thus addressing local infrastructure development while promoting tourism, commerce, and recreation. The authority to impose assessments on properties within the district enables the district to fund necessary projects without overburdening the general taxpayer base in Flower Mound.

Summary

House Bill 3942 establishes the Riverwalk Municipal Management District No. 1, which is intended to support the development and management of the designated area within the Town of Flower Mound, Denton County. The bill grants the district the authority to issue bonds and impose assessments or fees to finance public improvements and services necessary for economic growth and community welfare. The establishment of such districts allows for focused management of local infrastructure and amenities essential to supporting business and residential needs within specific regions.

Contention

While the bill enjoyed unanimous support in the voting process, it is important to note that the establishment of municipal management districts can raise concerns regarding the potential for financial mismanagement or overreach. Critics may argue that these districts can lead to increased taxation through assessments, adding a financial burden on property owners in the area. However, proponents assert that the benefits, including enhanced local services and economic growth, justify the imposition of such fees, stressing the importance of local control in managing community resources.