Honorable Dan Patrick, Lieutenant Governor, Senate 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. ), Conference Committee Report
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 district would have authority for road projects. The district would have authority to issue bonds, without an election. The district would have authority to impose operation and maintenance tax, and a contract tax. The district would not have authority to 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.