BILL ANALYSIS
Senate Research Center H.B. 167
79R10044 MSE-D By: Smith, Wayne (Jackson, Mike)
AUTHOR'S/SPONSOR'S STATEMENT OF INTENT
First created by an Act of the 75th Legislature, Regular Session, 1995, municipal development districts (MDDs) were created to help fund, develop, construct, and operate major development projects within the boundaries of these districts. MDDs are unique in that their boundaries lie in more than two counties.
H.B. 167 allow MDDs in counties with populations of 3.3 million or more to use money toward development projects within the district boundaries or the extraterritorial jurisdiction of the municipalities in which the MDD is located if the project is beneficial to the MDD.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 377.072, Local Government Code, by amending Subsection (c) and adding Subsection (d), as follows:
(c) Creates an exception, as provided by Subsection (d), to the authorized uses of the development project fund.
(d) Authorizes a municipal development district in a county with a population of 3.3 million or more to use money in the development project fund only to pay certain specified costs.
SECTION 2. Effective date: upon passage or September 1, 2005.