Relating to the powers and duties of the Collin County Water Control and Improvement District No. 3; providing authority to issue bonds.
The act is significant as it enables the Collin County Water Control and Improvement District No. 3 to take on greater financial and operational responsibilities relating to road construction, which includes the ability to issue bonds funded by various revenue sources. This empowers the district to facilitate development projects that could improve transportation and infrastructure in the area, thereby potentially impacting economic growth and the community's overall quality of life.
SB1852 addresses the powers and responsibilities of the Collin County Water Control and Improvement District No. 3, specifically granting the district authority to issue bonds for funding road projects. The bill introduces new provisions under Chapter 9043 of the Special District Local Laws Code, detailing the district's responsibilities for water management and the construction and maintenance of roads, including necessary storm drainage systems. It emphasizes the district's role in ensuring local infrastructure development aligned with both state and local regulations.
While the bill primarily focuses on improving infrastructure and providing the necessary financial backing for road projects, it may raise concerns regarding the district's increased authority and its potential implications for local governance. The ability to issue bonds and impose taxes could lead to debates on fiscal responsibility and the impact on residents within the district. The requirement for a two-thirds majority for tax-funded bonds seeks to ensure community involvement in significant financial decisions, but it could also become a point of contention among voters and district officials.