TO: | Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | SB320 by Nichols (Relating to the creation of River Ranch Improvement District of Liberty County; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.), As Introduced |
The bill would amend the Special District Local Laws Code establishing the River Ranch Improvement District of Liberty County. The district would have authority to engage in economic development activities. The district would have authority to impose assessments, an operation and maintenance tax and a contract tax. The district would have authority to issue bonds and other obligations, without an election.
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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