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House Bill 4772 |
House Author: Kleinschmidt |
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Effective: 6-19-09 |
Senate Sponsor: Hegar |
House Bill 4772 amends the Special District Local Laws Code to create the Bastrop County Municipal Utility District No. 2, subject to voter approval at a confirmation election. The bill grants the district the power to undertake certain road projects, but the issuance of property tax bonds to finance such projects requires approval by a two-thirds majority in a district election, and the total bonds and obligations for such projects may not exceed one-fourth of the assessed value of the real property in the district. The bill prohibits the district from exercising the power of eminent domain outside the district to acquire a site or easement for a road project or a recreational facility. It requires the district to enter into a contract with any municipality within whose extraterritorial jurisdiction (ETJ) the district is located in order to provide, among other terms and considerations, for the regulation of development within the district and the regulation of the continuation of the district's ETJ status and its annexation by the municipality.