SRC-VRA H.B. 3592 78(R) BILL ANALYSIS Senate Research Center H.B. 3592 78R12563 DRH-FBy: West, George "Buddy" (Bivins) Intergovernmental Relations 5/13/2003 Engrossed DIGEST AND PURPOSE Currently several conditions exist in downtown Midland that suppress property values and impede new development and investment. H.B. 3592 provides for the creation of the Downtown Midland Management District and provides authority to impose taxes and issues bonds. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. CREATION OF DISTRICT. SECTION 2. DEFINITIONS. SECTION 3. DECLARATION OF INTENT. SECTION 4. BOUNDARIES. SECTION 5. FINDINGS RELATING BOUNDARIES. SECTION 6. FINDINGS OF BENEFIT AND PUBLIC PURPOSE. SECTION 7. APPLICATION OF OTHER LAW. SECTION 8. CONSTRUCTION OF ACT. SECTION 9. BOARD OF DIRECTORS IN GENERAL. SECTION 10. APPOINTMENT OF DIRECTORS. SECTION 11. NONVOTING DIRECTORS. SECTION 12. CONFLICTS OF INTEREST; ONE-TIME AFFIDAVIT. SECTION 13. ADDITIONAL POWERS OF DISTRICT. SECTION 14. AGREEMENTS; GRANTS. SECTION 15. LAW ENFORCEMENT SERVICES. SECTION 16. NONPROFIT CORPORATION. SECTION 17. REQUIREMENTS FOR FINANCING SERVICES AND IMPROVMENTS. SECTION 18. ELECTIONS. SECTION 19. MAINTENANCE TAX. SECTION 20. ASSESSMENTS. SECTION 21. UTILITIES. SECTION 22. BONDS. SECTION 23. MUNICIPALITY NOT REQUIRED TO PAY DISTRICT OBLIGATIONS. SECTION 24. DISBURSEMENTS OR TRANSFERS OF MONEY. SECTION 25. COMPETITIVE BIDDING LIMIT. SECTION 26. EXCEPTION FOR DISSOLUTION OF DISTRICT WITH OUTSTANDING DEBT. SECTION 27. ANNEXATION. SECTION 28. TAX AND ASSESSMENT ABATEMENTS. SECTION 29. MEMBERSHIP IN CHARITABLE ORGANIZATIONS. SECTION 30. ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES. SECTION 31. ECONOMIC DEVELOPMENT PROGRAMS. SECTION 32. INITIAL DIRECTORS. SECTION 33. LEGISLATIVE FINDINGS. SECTION 34. EFFECTIVE DATE: upon passage or September 1, 2003.