Honorable Joe Straus, Speaker of the House, House of Representatives
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2912 by King, Phil (Relating to the creation of the New Fairview Municipal Utility District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.), As Passed 2nd House
No fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code establishing the New Fairview Municipal Utility District No. 1, the Far North Fort Worth Municipal Utility District, and the North Celina Municipal Management District No. 3. The districts would have authority to issue bonds and other obligations.
The New Fairview Municipal Utility District No. 1 would have authority to impose an operation and maintenance tax, and a contract tax.
The bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.