Establishes the Craver Ranch Municipal Management District No. 1 in Denton County, Texas.
The Craver Ranch Municipal Management District No. 1 is established in Denton County, Texas, to serve a public use and benefit. The district is governed by a board of five elected directors who serve staggered terms. The district has the authority to issue bonds, impose assessments, and create economic development programs. The district may not exercise the power of eminent domain, impose an ad valorem tax, or dissolve unless certain conditions are met.
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