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Senate Bill 1999 |
Senate Author: Jackson, Mike |
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Effective: 6-16-07 |
House Sponsor: Davis, John |
Senate Bill 1999 amends the Special District Local Laws Code to create the NASA Area Management District, located in Harris County. Among other powers, the bill grants the district the powers of a municipal management district, Section 4B development corporation, and housing finance corporation, as well as tax abatement, tax increment financing, and certain economic development powers. The district, however, may not exercise the power of eminent domain. It may impose and collect assessments, but district financing of a service or improvement project with assessments requires a petition signed by specified majorities or numbers of real property owners meeting certain ownership parameters, and impact fees or assessments on certain utility properties are prohibited. The district must obtain the approval of the City of Nassau Bay to impose a sales and use tax, at a rate not to exceed the rate the city authorizes, but no district election on such a tax is required. If the district obtains approval from the city of a capital improvements budget covering a period up to five years, it may finance improvements and issue bonds that are specified in the budget without further city approval. Otherwise, the City of Nassau Bay must approve the issuance of bonds for an improvement project, plans and specifications of a project financed by the bonds, and plans and specifications of an improvement project involving the use of city land, a city easement, or a city street, road, or highway right-of-way. The district may authorize the creation of a nonprofit corporation to assist and act for the district in implementing a project or providing a service, and may contract with a qualified provider to supply law enforcement services in the district.