Establishes county industrial development districts in certain Texas counties to attract major industrial employers.
The bill creates county industrial development districts in Texas counties with populations over 800,000 that border counties with populations over four million. These districts can issue bonds, impose sales and use taxes, and collect assessments to fund infrastructure projects. The districts aim to attract major industrial employers and stimulate economic activity. They can also establish economic development programs and enter agreements with governmental or private entities. The districts are governed by a board of nine directors, with specific qualifications and terms.
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- Critical Issues
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