Enrolled Bill Summary

Senate Bill 2501	Senate Author:  West
Effective:  6-19-09	House Sponsor:  Alonzo

            Senate Bill 2501 amends the Special District Local Laws Code to create the North Oak Cliff Municipal Management District in Dallas County. The bill grants the district various powers, including those of a municipal management district, conservation and reclamation district, and road utility district, and power under the Tax Increment Financing Act and provisions of the Government Code to undertake obligations for certain public improvements, as well as certain economic development powers and powers applicable to a municipality or county under the Public Improvement District Assessment Act. The district may undertake specified types of improvement projects and activities, and all or part of its area is eligible for inclusion in a tax increment reinvestment zone, tax abatement reinvestment zone, or enterprise zone created by the City of Dallas. The district, however, may not exercise the power of eminent domain, impose an impact fee on certain residential property, or build or operate a toll road. Property taxes and maintenance and operation taxes must be approved by district voters, and before the district undertakes any improvement project, imposes taxes, issues bonds, or borrows money, the district and the city must negotiate and execute a development and operating agreement. The governing body of the city must approve the issuance of bonds, notes, credit agreements, or other obligations of the district, as provided by the development and operating agreement or by separate action.