Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2075 by Lang (Relating to the creation of the Cresson Municipal Utility District No. 1 of Hood County; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code by establishing the Cresson Municipal Utility District No. 1 of Hood County. The district would have authority for road projects. The district would have authority to issue bonds and other obligations without an election. The district would have authority to impose an operation and maintenance tax. The district would have authority to impose a contract tax. The district may not exercise the power of eminent domain.
The bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.