Establishes the Pura Vida Municipal Management District No. 1, providing authority to issue bonds, impose assessments, fees, and taxes, and granting.

The bill establishes the Pura Vida Municipal Management District No. 1 in Texas, governed by a board of five elected directors. The district has the authority to issue bonds, impose assessments, fees, and taxes, and exercise a limited power of eminent domain. It can impose a hotel occupancy tax and a sales and use tax, subject to voter approval. The district aims to promote economic development, reduce unemployment, and enhance transportation and commerce. It can also engage in economic development programs and create parking facilities.

Establishes the Pura Vida Municipal Management District No. 1, providing authority to issue bonds, impose assessments, fees, and taxes, and granting.

The bill establishes the Pura Vida Municipal Management District No. 1 in Texas, governed by a board of five elected directors. The district has the authority to issue bonds, impose assessments, fees, and taxes, and exercise a limited power of eminent domain. It can impose a hotel occupancy tax and a sales and use tax, subject to voter approval. The district aims to promote economic development, reduce unemployment, and enhance transportation and commerce. It can also engage in economic development programs and create parking facilities.