TO: | Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB4347 by Wray (Relating to the creation of the Midlothian Municipal Management District No. 3; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.), As Engrossed |
The bill would amend the Special District Local Laws Code establishing the Midlothian Municipal Management District No. 3. The district would have authority of a water district, road district, public improvement district, and a municipal management district. The district would have authority to issue bonds and other obligations. The district would have authority to impose an ad valorem tax.
The bill would take effect immediately if the bill receives a two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017.
Source Agencies: |
LBB Staff: | UP, JGA, GG, BM
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