Establishes Travis County Municipal Utility District No. 40, outlines its powers, and sets financial provisions.

The bill creates the Travis County Municipal Utility District No. 40, a municipal utility district governed by a board of five elected directors. The district can issue bonds and impose taxes, but cannot exercise eminent domain. It must hold an election for certain tax and bond issuances. The district can design, acquire, construct, finance, issue bonds for, improve, operate, maintain, and convey roads. It must meet local construction standards and obtain municipal consent.

Establishes Travis County Municipal Utility District No. 40, outlines its powers, and sets financial provisions.

The bill creates the Travis County Municipal Utility District No. 40, a municipal utility district governed by a board of five elected directors. The district can issue bonds and impose taxes, but cannot exercise eminent domain. It must hold an election for certain tax and bond issuances. The district can design, acquire, construct, finance, issue bonds for, improve, operate, maintain, and convey roads. It must meet local construction standards and obtain municipal consent.