Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB4294 by Holland ( Relating to the creation of the North Celina Municipal Management District No. 3; providing a limited authority of eminent domain; providing authority to impose taxes, levy assessments, and issue bonds.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code establishing the North Celina Municipal Management District No. 3. The district would have authority for improvement projects and services. The district would have authority to impose and collect assessments. The district would have authority to issue bonds and other obligations. The district would not have authority to exercise the power of eminent domain unless the district obtains written consent from the governing body of the city.
The bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.