Texas Senate Bill SB1829

Texas 2013 - 83rd Regular

Caption

Relating to the powers and duties of the Montgomery County Municipal Utility District No. 105; providing authority to issue bonds; providing authority to impose fees and taxes.

Impact

The impact of SB1829 is significant as it expands the financing options available to the Montgomery County Municipal Utility District No. 105. By granting authority to issue bonds, subject to voter approval, the bill provides the district with a mechanism to fund vital road projects that may otherwise lack necessary financial resources. With the ability to impose taxes and fees, the district can create a sustained revenue stream to support continuous infrastructure development and maintenance, which is crucial as the area continues to grow and evolve.

Summary

SB1829 authorizes the Montgomery County Municipal Utility District No. 105 to issue bonds and impose fees and taxes for various infrastructure projects, primarily related to the design, construction, and maintenance of roads. The bill aims to enhance the district's capacity to finance important local infrastructure, ensuring that the communities within its jurisdiction can maintain and develop essential road networks. Furthermore, the bill clarifies the powers and duties of the district and aligns them with existing statutes governing municipal utility districts in Texas.

Contention

There might be points of contention regarding tax impositions and the district's borrowing capabilities. While the bill allows for considerable flexibility in financing infrastructure, opponents could argue that increased taxes could burden local residents. Additionally, there may be concerns surrounding the governance of such districts and the accountability measures in place for the use of funds gathered through bond issuance and taxes. The requirement for a two-thirds majority voter approval for bond issuance mitigates some concerns but may still lead to debates about local decision-making and fiscal responsibility.