Establishes the Montgomery County Municipal Utility District No. 259, outlines its powers, and specifies its financial mechanisms.

The bill creates the Montgomery County Municipal Utility District No. 259, a municipal utility district in Texas. The district is tasked with serving a public purpose and benefit, including construction, acquisition, improvement, and operation of utilities. The district has the authority to issue bonds, impose taxes, and make payments under contracts approved by voters. It may not exercise eminent domain. The district must hold an election to obtain voter approval before imposing an ad valorem tax or issuing bonds payable from ad valorem taxes.

Establishes the Montgomery County Municipal Utility District No. 259, outlines its powers, and specifies its financial mechanisms.

The bill creates the Montgomery County Municipal Utility District No. 259, a municipal utility district in Texas. The district is tasked with serving a public purpose and benefit, including construction, acquisition, improvement, and operation of utilities. The district has the authority to issue bonds, impose taxes, and make payments under contracts approved by voters. It may not exercise eminent domain. The district must hold an election to obtain voter approval before imposing an ad valorem tax or issuing bonds payable from ad valorem taxes.