Establishes the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas.

The bill establishes the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas. The district is governed by a board of five elected directors serving staggered four-year terms. The district has the authority to issue bonds, impose assessments, and provide various services including law enforcement, parking facilities, and economic development programs. The district may not exercise the power of eminent domain. The initial board members are Eric Burton, Mike Alley, Jacob Thompson, Rodney Price, and David Medis.

Establishes the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas.

The bill establishes the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas. The district is governed by a board of five elected directors serving staggered four-year terms. The district has the authority to issue bonds, impose assessments, and provide various services including law enforcement, parking facilities, and economic development programs. The district may not exercise the power of eminent domain. The initial board members are Eric Burton, Mike Alley, Jacob Thompson, Rodney Price, and David Medis.