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House Bill 4720 |
House Author: Anchia |
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Effective: 6-19-09 |
Senate Sponsor: West |
House Bill 4720 amends the Special District Local Laws Code to create the Trinity River West Municipal Management District in Dallas County, Texas. Among other provisions, the bill authorizes the district to impose taxes and issue bonds, but prohibits the district from imposing taxes on certain residential property. The bill grants the district the powers and duties given to a conservation and reclamation district, including a municipal utility district. The bill also authorizes the district to exercise the powers of a public improvement district and municipal management district under the Local Government Code, as well as powers under the Tax Increment Financing Act. The district is authorized to exercise the powers granted to road utility districts under provisions of the Transportation Code, except that the district may exercise powers granted by the bill without regard to those road utility provisions and may not build or operate a toll road. House Bill 4720 provides that all or part of the district's area is eligible to be included, under certain conditions and limitations, in a tax increment or tax abatement reinvestment zone created by the City of Dallas or an enterprise zone created by the city. The district may add or remove territory from the district under certain conditions but may not exercise the power of eminent domain.