Establishes the Palangana Energy District in Texas, outlining its governance, powers, and financial mechanisms.

The bill creates the Palangana Energy District in Texas, governed by a board of directors with at least seven members serving staggered four-year terms. The district can impose an operation and maintenance tax on taxable property, issue bonds, and collect assessments. It can also exercise eminent domain and enter into contracts. The district's creation aims to enhance energy security, promote economic development, and conserve natural energy resources.

Establishes the Palangana Energy District in Texas, outlining its governance, powers, and financial mechanisms.

The bill creates the Palangana Energy District in Texas, governed by a board of directors with at least seven members serving staggered four-year terms. The district can impose an operation and maintenance tax on taxable property, issue bonds, and collect assessments. It can also exercise eminent domain and enter into contracts. The district's creation aims to enhance energy security, promote economic development, and conserve natural energy resources.